8 expert predictions ahead of Coinbase's hotly anticipated I

8 expert predictions ahead of Coinbase's hotly anticipated IPO next week


8 expert predictions ahead of Coinbase's hotly anticipated IPO next week
ilee@insider.com (Isabelle Lee)
Many view it as a significant milestone for the cryptocurrency space.
Insider compiled views from eight experts on what it could mean for rapidly growing digital currency market.
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Adding to the excitement, the cryptocurrency trading giant reported a whopping $1.8 billion revenue in the first quarter of the year on Tuesday, compared to the $1.3 billion for all of 2020.
On the back of the eye-popping earnings, DA Davidson analyst Gil Luria increased his price target by 125% to $440 from $195. The analyst derived his adjusted price target from a 20x multiple based on the company's expected revenue this year.

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