Rothschild Redburn Upgrades Coinbase (COIN) to Buy on Revenue Diversification

Coinbase Global, Inc. (NASDAQ:COIN) is one of the best performing NASDAQ stocks according to hedge funds. On October 3, Rothschild Redburn upgraded Coinbase stock from Neutral to Buy and kept the $417 price target. The firm based its decision on Coinbase’s successful revenue diversification. Rothschild Redburn Upgrades Coinbase (COIN) to Buy on Revenue Diversification The analysts noted that Coinbase’s percentage of revenues from retail trading fees dropped from about 90% in 2019–2021 to around 50% in 20 ...