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Benzinga
Benzinga
Business
Samyuktha Sriram

Coinbase Analyst Spells Bull Case: Forcasts $1.26B Additional Revenue From NFTs Alone

Needham analyst John Todaro has outlined a bullish scenario for Coinbase Global Inc (NASDAQ: COIN) if its upcoming non fungible token (NFT) business takes off as planned.

What Happened: In a research note to clients on Thursday, Todaro said Coinbase’s NFT segment could add $1.26 billion to the firm’s annual revenue in an aggressive bull scenario.

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