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Benzinga
Benzinga
Business
Shivdeep Dhaliwal

Why Coinbase's 'Premium Valuation' Is Unjustified In The Eyes Of This Analyst

Coinbase COIN Bo Pei Coinbase Global Inc

Coinbase Global Inc (NASDAQ: COIN), the second-largest spot cryptocurrency trading platform, faces intensifying competition and has a premium valuation unjustified by its current revenue structure, according to U.S. Tiger Research analyst Bo Pei. 

The Coinbase Analyst: Pei initiated coverage on Coinbase with a “Sell” rating and a $135 price target.

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