Added to YB: 2021-05-25
Pitch date: 2021-05-25
COIN [bullish]
Coinbase Global, Inc.
-27.7%
current return
Author Info
No bio for this author
Company Info
Coinbase Global, Inc. operates platform for crypto assets in the United States and internationally. It provides the primary financial account in the crypto economy for consumers; a brokerage platform with a pool of liquidity across the crypto marketplace for institutions; and a suite of products granting access to build onchain for developers.
Market Cap
$48.7B
Pitch Price
$247.50
Price Target
389.34 (+118%)
Dividend
N/A
EV/EBITDA
66.61
P/E
-49.51
EV/Sales
7.71
Sector
Capital Markets
Category
growth
Coinbase (COIN), Leading the Way in the Crypto Market
COIN: Coinbase can evolve from a crypto exchange into a one-stop financial-services platform spanning trading, payments, spending, savings and potentially asset management. Q1 2021 sales reached $1.12B, versus $1.27B in all of 2020, as verified users rose to 56M and adjusted EBITDA margin expanded ~3,300 bps. At $229, the earnings-based valuation implies 51-73% upside, but crypto exposure and transaction-fee dependence create substantial volatility.
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