The Bull And Bear Case For Coinbase

The Bull And Bear Case For Coinbase

Share to Linkedin Monitors display Coinbase signage during the company's initial public offering (IPO) at the Nasdaq ... [+] MarketSite in New York, U. S., on Wednesday, April 14, 2021. Coinbase Global Inc., the largest U. S. cryptocurrency exchange, is set to debut on Wednesday through a direct listing, an alternative to a traditional initial public offering that has only been deployed a handful of times. Photographer: Michael Nagle/Bloomberg Given the volatility of cryptocurrencies, it is not surprising that when looking at Coinbase Global (COIN), we see forecasts that suggest the shares could fall in half or triple in price. For the speculatively inclined, two leading investment experts, and contributors to MoneyShow. com, look at the long-term case for the crypto exchange platform operator. We initiated coverage on shares of Coinbase Global with a Buy recommendation and a 12-month target price of $400. We start with the assumption that cryptoassets are here to stay. Not only has this invention solved a longstanding problem in computer science, but we think more solutions and services will continue to be built on top of this ecosystem. Just like how the internet and then the mobile phone ushered in a wave of new services