Disclosures
Search the current disclosures for any issuer name or ticker covered by Barclays Research or any independent research firm whose reports are made available by Barclays.
| Issuer: | Coinbase Global, Inc. (COIN) | |
| Coverage Analysts: |
Benjamin Budish, CFA - Primary Analyst | |
| Current Stock Rating/Industry View: | Underweight/Positive |
Disclosures applicable to this issuer:
Important Research Disclosures:
Valuation Methodology: Our price target of $95 is based on 20x our F27E adj. EBITDA of $1,119M. Our multiple of 20x is in line with other fintech / crypto peers.
Risks which May Impede the Achievement of the Barclays Research Price Target: Key risks include a more favorable macro/risk-on environment, acceleration adoption of crypto from retail in particular, and "Everything Exchange" gains meaningful traction, diversifying and accelerating revenue growth.
Price Chart:
Source: LSEG Data & Analytics, Bloomberg, Barclays Research
Coinbase Global, Inc.
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