“While we do not expect COIN shares to move in a straight line, we see material upside that compensates for the inherent risk, and with the stock trading at just 6.0x EV/2023E revenue (compared to a number of other high-growth, leading brand FinTechs trading closer to ~10x and above), we believe the risk/reward in shares is compelling, with additional optionality to the upside as the business model iterates into new areas that the market is currently not even contemplating.”
Related posts
-
Cardano Ready For 15x Move, Crypto Analyst Reveals The Major Drivers
Cardano (ADA) looks primed to make that move to the upside, with crypto analyst Javon Marks... -
Why Bitcoin’s Post-Halving Rally Is Certain, Analyst Explains
Bitcoin experienced a price decline of 3.06% on Friday, falling as low as $60,372.36 based on... -
Blast From The Past? Analyst Identifies Pivotal Summer For VeChain With This Bullish Fractal
Over the past few weeks, the price of VeChain (VET) has struggled to live up to...