What You’re Missing:
- Coinbase is on a roll, and 1Q25 might just be a ‘beat-the-odds’ kind of quarter, according to some know-it-alls.
- JMP upped the ante on Coinbase’s price target to $475 from $400, like it’s a game of poker or something. Market outperform, they say. Pfft.
- ‘Seismic shift’ in the industry? Coinbase could grow to be a behemoth in the next five years, says the broker. As if we didn’t know that already.
Coinbase (COIN) ended 2024 with a bang, thanks to the digital asset industry finally getting its act together, says broker JMP in a report that’s probably longer than it needs to be.
JMP boosted Coinbase’s price target to $475 from $400 and kept that ‘market outperform’ label on it. Shares dipped a bit, but who’s keeping score, right?
Wall Street might be clueless about this company’s potential, according to JMP. Shocking, I know.
“You ain’t seen nothing yet,” the analysts wrote, probably while wearing sunglasses indoors. They think 1Q25 revenues could blow the Street’s expectations out of the water by almost 30%.
A “seismic shift” is coming, they say. As if we needed another buzzword to describe the crypto world.
JMP is predicting huge growth for Coinbase, like it’s going to be the size of a small planet in the next five years.
“The regulatory and legislative backdrop is now supportive,” the report added. Finally, someone’s got their act together.
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2025-02-14 13:27