Goldman Buy Rating on Coinbase

15 days ago

Alexandra Seanova

"over at Goldman, one of the companies that is fairing well today is Coinbase. It got a buy rating there. I'm looking at shares up about 9% right now. Analysts there see growth potential from new products like tokenization and prediction markets as well. They also highlight the fact that their subscription service offerings have risen from 5% to 40% of their revenue over the past 5 years. So that could bode well for shares. Um they also say that the company deser deserves a higher multiple given the revenue that they've gotten and also recent underperformance makes it a good entry point. And then on the flip side of that actually it Toro got downgraded to neutral there. They said that margins are lagging peers due to a more competitive backdrop."

Goldman analysts are recommending a buy on Coinbase, citing significant revenue growth through increased subscription services and new product initiatives like tokenization and prediction markets. Despite some margin concerns relative to peers, the overall entry point is seen as attractive given recent underperformance.

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