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Seeking Alpha 2021-05-12 14:58:40

Strong Earnings Won't Stop Coinbase's Slump

Coinbase is expected to report earnings on May 13, 2021, for the first time since its direct listing in mid April.Coinbase is not likely to fulfill the profit expectations baked into the stock’s current valuation due to rising competition in the cryptocurrency trading space.Investors should expect the stock to continue to underperform, as shares could fall to $100 or less.

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