Coinbase’s Bear Thesis is Way Overblown
<p>Analysts at Oppenheimer released a report on <a href='https://financialmodelingprep.com/financial-summary/COIN'>Coinbase Global, Inc. (NASDAQ:COIN)</a>, providing a deep dive into the bear thesis. The company’s stock is down around 42% since the start of the year. </p>
<p>The company’s bear thesis includes (1) increasing competition and fee compression, (2) the company over-earns and won’t be profitable in 2022, (3) stock is overvalued, (4) low trading volume, (5) crypto winter, and (6) risk of regulatory actions against cryptocurrency platforms.</p>
<p>The analysts believe the bear thesis is way overblown and that this creates an opportunity for long-term investors to get into one of the most disruptive companies in the market.</p>

NASDAQ:COIN