2 Reasons to Buy Coinbase Stock Like There's No Tomorrow
At first glance, Coinbase Global (NASDAQ: COIN) looks like a terrible investment right now.
The stock price has more than tripled in 52 weeks. The cryptocurrency exchange operator's shares trade at the lofty valuation of 103 times free cash flows and 950 times earnings. I mean, it's enough to make even seasoned growth investors reach for the smelling salt.
Many investors won't look any further. Happy to skip this seemingly overvalued crypto stock, they move on to the next idea.
Source Fool.com
Coinbase Global Inc. Stock
€165.92
-2.710%
Currently there is a rather positive sentiment for Coinbase Global Inc. with 27 Buy predictions and 14 Sell predictions.
With a target price of 181 € there is a slightly positive potential of 9.09% for Coinbase Global Inc. compared to the current price of 165.92 €.
