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Coinbase's stock $COIN is showing resilience and strength compared to other growth stocks, with analysts estimating positive adjusted EBITDA of ~$2.5 billion this year. Despite a 1% drop, $COIN outperformed high-beta stocks that fell 4% or more.
COIN is down 1% while most high-beta stocks are down 4% or more
$COIN is holding strong compared to other growth stocks that are dumping big oday. The problem for $COIN bears is that ~$2.5 billion in positive adjusted EBITDA this year for Coinbase is a conservatie estimate. Even at $250 per share, it’s hard to argue that the stock is…
COIN staying really strong at highs and green after this weeks bull flows and crypto holding up well overall