Down 45% From Its Highs, This Analyst Thinks You Should Buy the Dip in Coinbase Stock

Coinbase’s shares have traded like a mirror to the crypto cycle itself. As Bitcoin rallied and regulatory mood improved, COIN stock caught a strong tailwind, charging to a July peak of $444.64. That momentum, however, cooled just as quickly. A broad crypto pullback dragged the shares nearly 45% off those highs, leaving the stock down about 37% over the past six months and close to 9% in the last month alone.Founded in 2012, Coinbase is a crypto giant boasting a $64.9 billion market capitalization. As one of ...