BTIG maintains a Buy on Coinbase Global (COIN). In a report released today, Andrew Harte of BTIG reiterated a Buy rating on Coinbase Global, with a price target of $420.00.
Based on Coinbase Global’s latest earnings release for the quarter ending September 30, the company reported quarterly revenue of $1.87 billion and net income of $432.55 million. In comparison, last year the company earned revenue of $1.21 billion and net income of $75.5 million.
BTIG reiterated a Buy rating on Coinbase Global (COIN) in a note released today, setting a price target of $420. The note highlights Coinbase’s ongoing earnings momentum and the potential upside implied by the target. The results for the quarter ended September 30 show revenue of $1.87 billion and net income of $432.55 million, up from $1.21 billion and $75.5 million a year earlier. The solid quarterly results support Coinbase’s investment thesis and may influence investor sentiment as the company continues to execute its growth strategy.
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