Bank of America Improves Coinbase Rating from "Neutral" to "Mu"

01月
08
2022-1-8 12:35
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Golden Bank announced that Bank of America has upgraded Coinbase Global Inc (NASDAQ: COIN) from “medium” to “buy,” and banking analyst Jason Kupferberg said Coinbase's revenue is diversified. He estimates that Coinbase subscriptions and revenue from the service will account for 16% of total revenue by 2023. Reasons for this model could include blockchain rewards, user learning and broadcast on NFT trading platforms and DeFi still to be formulated. some products. Data from Sensor Tower shows that the company's fourth quarter forecast appears to be improving as the Coinbase app pulls and the ARPU (Average Revenue Per User) picks up. Analysts raised fourth-quarter ARPU estimates to $ 45 from $ 30 and sales to $ 958 million to $ 1.44 billion.

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2022-1-8 12:27

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