Coinbase shares to remain rangebound: B Riley [Yahoo! Finance]
B. Riley Financial, Inc. (RILY)
NASDAQ:AMEX Investor Relations:
ir.brileyfin.com/investor-relations
Company Research
Source: Yahoo! Finance
The firm set a 12-month price target of $185, based on a 50x multiple of its 2025 EPS estimate. "COIN is the industry leader and a trusted platform for institutions and individuals to invest and transact in the growing digital currency economy," B Riley wrote. The analysts highlighted Coinbase's unique position as both a first mover in the shift toward digital assets and "a well-capitalized scale operator" within the capital markets sector. B Riley emphasized the broader trend toward cryptocurrency adoption, describing it as "a once-in-a-generation global shift" from traditional fiat money to network-based currencies. However, the firm cautioned that this transition remains in its early stages. The report also noted that Coinbase's earnings have historically been volatile, driven by the platform's strong correlation with digital asset prices like Bitcoin. "Since going public, COIN's EPS power has been volatile, swinging from strong profits to losses and vice versa," B Riley
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News
- B. Riley Securities Announces Energy Convergence Conference on December 4th [Yahoo! Finance]Yahoo! Finance
- B. Riley Securities Announces Energy Convergence Conference on December 4thPR Newswire
- Going Public as PE Backed Company: NYSE Head of Financial Sponsor Coverage Tad Nacheff, Live from NYSE [Yahoo! Finance]Yahoo! Finance
- Vitamin Shoppe Owner Franchise Group Inc. Files For Chapter 11 [Forbes]Forbes
- B. Riley-backed Vitamin Shoppe owner files for bankruptcy [Yahoo! Finance]Yahoo! Finance
RILY
Sec Filings
- 11/4/24 - Form 8-K
- 10/31/24 - Form 8-K
- 10/30/24 - Form 8-K
- RILY's page on the SEC website