Analyst Discusses Coinbase’s Varied Growth Trajectory, From Trading Volumes to Blockchain Innovations

**141-Year-Old Retailer Outperforms Amazon with Impressive Growth**

In a surprising turn of events, a 141-year-old retailer has managed to outperform tech giant Amazon in terms of stock performance. This old stock is not only expanding at a rapid pace but also raising dividends, making it an attractive option for investors looking for long-term growth and income opportunities.

According to a recent report by Benzinga, this retailer has surpassed Amazon’s impressive 117% run since 2019, showcasing its resilience and ability to adapt to changing market conditions. By gaining access to Benzinga’s insider-only report for just $0.99, investors can position themselves for future profits and income with this stock, among other benefits.

**Analyst Bullish on Coinbase Global, Inc**

JMP analyst Devin Ryan has maintained a Market Outperform rating on Coinbase Global, Inc (NASDAQ: COIN) with a price target of $300. Ryan has been bullish on the firm since its inception report on Coinbase in 2021, recognizing its potential beyond being just a cryptocurrency exchange.

Ryan highlighted significant growth opportunities within the exchange business, especially as the market matures and prices continue to rise. Coinbase’s spot-trading volumes have seen a substantial increase in the first quarter of 2024, indicating a positive trend in trading activity.

**Coinbase’s Role in Blockchain Development**

Apart from exchange trading and custody services, Coinbase is playing a crucial role in the development of blockchain use cases, including tokenization of real assets, payments and remittance, Web3, and decentralized applications. The company’s Layer 2 blockchain, Base, is rapidly scaling with increasing applications and usage.

Additionally, Coinbase is expected to contribute to and benefit from innovation in staking and other crypto-native businesses, positioning itself as a key player in the evolving crypto landscape.

**Potential Catalysts for Coinbase**

Ryan pointed out that the anticipated adoption of spot Bitcoin ETFs could be a significant catalyst for the industry, leading to higher prices and increased flows. The introduction of ETFs is expected to accelerate Coinbase’s revenue growth, supported by recent trading volume data.

Moreover, the traditional wealth management space, with approximately $25 trillion in capital, presents a substantial opportunity for Coinbase to expand its market reach and adoption, driving future growth and profitability.

**Investment Opportunities in Coinbase**

Investors looking to gain exposure to Coinbase can consider options such as the First Trust SkyBridge Crypto Industry And Digital Economy ETF (NYSE: CRPT) and Fidelity Crypto Industry And Digital Payments ETF (NASDAQ: FDIG). Despite recent market fluctuations, Coinbase’s stock has gained over 233% in the last 12 months, showcasing its strong performance and growth potential.


In conclusion, while tech behemoths like Amazon continue to dominate the market, this 141-year-old retailer and Coinbase Global, Inc are proving to be formidable contenders with their impressive growth and performance. By staying informed and seizing investment opportunities in these companies, investors can position themselves for long-term success and profitability in the ever-evolving market landscape.


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