Investors ask: ‘Should I buy Coinbase stock?’ Here’s what SA contributors think

Should you buy Coinbase Global (COIN) when it goes public Wednesday through a hot Nasdaq direct listing? Seeking Alpha’s contributors are split on the answer.Contributor David Trainer wrote early Wednesday that “despite record Q1 results, Coinbase's valuation remains ridiculous.”But contributor Orange Ranger is more diplomatic, writing that COIN faces a “mix of tailwinds and headwinds. … In the short term, unleashing animal spirits will provide an entertaining ride. [but] he real price discovery will begin today when COIN hits the tickers.”Manole Capital Management wrote in a detailed analysis of the company that COIN “is a safe, trusted and easy-to-use platform for trading digital currencies.” But the firm added that anyone who buys the stock “should be willing to pay a premium for COIN shares, [and] they should also be prepared for significant volatility and competition. Only you know your specific risk/reward tolerances.”Other contributors’ views vary based on where Coinbase stock