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Minddoc7

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Wednesday, 08/25/2021 9:08:59 AM

Wednesday, August 25, 2021 9:08:59 AM

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COINBASE Initiate at Buy/PT: $420

Becoming More than an Exchange; Initiate at Buy/PT: $420 - Needham
8:22 AM ET 8/24/21 | Briefing.com

. Needham's John Todaro states, "We see COIN as a market-leading crypto asset exchange with significant future opportunities beyond exchange services, which include staking, custody, yield bearing products, and more. Our $420 price target is based on an EV/revenue multiple of 12.9x our 2022 estimate and implies 64%+ upside from current prices."

" Success seems to be largely a matter of hanging on after others have let go." ~ William Feather

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