Coinbase: Why This Comeback Isn't A Dead Cat Bounce

Coinbase Global (COIN) has experienced significant volatility, with a 52-week range from $139 to $402 and a 38% decline over the past year. Despite challenges, COIN has outperformed the benchmark recently, rising 7% since my last coverage versus the benchmark's 2%. I see multiple favorable catalysts forming, and believe headwinds are likely priced in, making COIN's valuation attractive if growth materializes. COIN maintains meaningfully above-market margins, supporting my continued Buy rating and positive outlook.

What a challenging year it has been for Coinbase Global ( COIN ), right? The crypto company's 52-week range covers $139 as the year's low and marks the $402 price tag as the year's high. But over the past year