Wedbush analyst Moshe Katri reiterated Coinbase Global, Inc (NASDAQ: COIN) with an Outperform and a $110 price target.
The 3Q revenue and EPS of $674.1 million and ($0.01) beat Street’s expectations of $650.9 billion and ($0.55). Adjusted EBITDA and adjusted EBITDA margin of $181 million and 29.1% compared to FactSet’s estimate of $119.4 million and 18.0%.
COIN reported stronger than expected results, featuring a material profitability improvement, with mixed volume and operating metrics, including outperformance in transaction revenues, including Retail, ...