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
€228.35
-0.930%
Our community is currently high on Coinbase Global Inc. with 31 Buy predictions and 16 Sell predictions.
However, we have a potential of -40.44% for Coinbase Global Inc. as the target price of 136 € is below the current price of 228.35 €.
