Coinbase reports third-quarter loss as volumes drop
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Nasdaq futures drop over 2% on concerns over AI buildout costs, Fed rate outlook
- Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides
- Oil steady as investors focus on Hormuz flows after peace talks
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- BofA lists top 5 themes driving next $1tn in incremental semi sales
- Spain's ex-transport minister sentenced to 24 years for corruption
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
MoffettNathanson says Coinbase (COIN) revenues begin to surge in 2024
November 7, 2022 10:28 AM ESTMoffettNathanson told investors in a note Monday that they assume the crypto winter will end in late 2023 and Coinbase (NASDAQ: COIN) revenues and trading volumes will begin to surge in 2024.
As a result, the firm described Coinbase's stock as "highly attractive" at current levels.
"Based on our forecasts, Coinbase is currently trading at an EV/EBITDA multiple of 2.0x on 2024 EBITDA," wrote... More
