Bu makaleyi paylaş
Coinbase Initiated ‘Buy,’ Assigned $420 Price Target by Needham
Needham projects a 467% increase in 2021 revenue for Coinbase.
Yazan Tanzeel Akhtar
John Todaro, vice president of crypto asset and blockchain research at Needham & Co., initiated coverage of Nasdaq-listed Coinbase (COIN) with a “Buy" rating, setting a $420 price target.
STORY CONTINUES BELOW
Başka bir hikayeyi kaçırmayın.Bugün Crypto Daybook Americas Bültenine abone olun. Tüm bültenleri gör
- Coinbase is a market-leading crypto exchange with “significant future opportunities beyond exchange service, which include staking, custody, yield bearing products, and more,” Todaro wrote in a note.
- The research firm projects a 467% increase in 2021 revenue and a 9% increase in 2022.
- “We view COIN as the leading, fiat-crypto on-ramp, and expect the company's exchange business to grow rapidly and sustainably as new investors adopt its crypto assets and services,” Todaro wrote. “COIN ranks as the largest crypto exchange by trading volume.”
- Coinbase's opportunities in staking, custody and interest-bearing accounts will accelerate its position as a one-stop shop for crypto financial services, according to the analyst.
- Investor concerns over fees are misplaced, according to the note. The non-commoditized nature of crypto exchanges differentiates them from traditional brokerage firms, where fee compression has occurred in recent years.
- Coinbase’s shares started trading on the Nasdaq in a direct listing in April.
- The stock closed at $257.32 on Monday.
Read more: Coinbase Rated ‘Overweight’ in Initial Coverage by Piper Sandler: Report
Sizin için daha fazlası
Bilinmesi gerekenler:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Sizin için daha fazlası
Polkadot's Gain Underperforms Wider Crypto Markets
The token has support at $2.05 and resistance near the $2.16 level.
Bilinmesi gerekenler:
- DOT climbed 0.8% to $2.12, lagging behind the broader crypto market.
- Trading volume jumped 26% above the seven-day average, signaling heightened institutional activity.
Top Stories
