Coinbase's stock price recently surged nearly 40%, reaching a four-year high. Berstein cited several reasons for believing Coinbase is undervalued, raising the target price for COIN from $310 to $510. After the listing of the US stablecoin giant Circle, its stock price soared, briefly approaching $300. There have also been occurrences of people switching to buy COIN or arbitraging by selling CRCL to buy COIN.
Berstein lists several reasons: Coinbase is undervalued.
Bernstein's analysts raised the target price of Coinbase stock code COIN from $310 to $510 based on higher profit forecasts, new growth drivers, and revised valuation framework.
Coinbase is the only cryptocurrency native company in the S&P 500 Index, yet it is the most underrated stock. The Bernstein report highlighted the exchange's diversified business lines.
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Coinbase's stock price recently surged nearly 40%, reaching a four-year high. Berstein cited several reasons for believing Coinbase is undervalued, raising the target price for COIN from $310 to $510. After the listing of the US stablecoin giant Circle, its stock price soared, briefly approaching $300. There have also been occurrences of people switching to buy COIN or arbitraging by selling CRCL to buy COIN.
Berstein lists several reasons: Coinbase is undervalued.
Bernstein's analysts raised the target price of Coinbase stock code COIN from $310 to $510 based on higher profit forecasts, new growth drivers, and revised valuation framework.
Coinbase is the only cryptocurrency native company in the S&P 500 Index, yet it is the most underrated stock. The Bernstein report highlighted the exchange's diversified business lines.