Coinbase reports third-quarter loss as volumes drop

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Go back to Coinbase reports third-quarter loss as volumes drop

MoffettNathanson says Coinbase (COIN) revenues begin to surge in 2024

November 7, 2022 10:28 AM EST

MoffettNathanson 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