Analyst Saiyi He of CMB International Securities maintained a Buy rating on Coinbase Global (COIN – Research Report), with a price target of $352.00.
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Saiyi He has given his Buy rating due to a combination of factors that indicate strong future performance for Coinbase Global. The company reported impressive fourth-quarter results with significant growth in revenue and adjusted EBITDA, outperforming market expectations. This was largely driven by a favorable regulatory environment that has boosted trading volumes and operating leverage.
Looking ahead, Coinbase’s strategic focus on expanding its core business, increasing utility, and engaging with regulators is expected to sustain its long-term growth. Additionally, the company’s initiatives to enhance user experience and capture market share, along with a forecasted increase in subscription and services revenue, further support the positive outlook. Saiyi He also highlights the company’s strong operating leverage and margin expansion, which contribute to a favorable financial position for future investments and growth.
In another report released on February 14, H.C. Wainwright also maintained a Buy rating on the stock with a $350.00 price target.