Rumour has it...BIG Earnings Report Monday $$$Galaxy will follow COIN with stellar earnings and a disconnect with stock price and valuation.
Exponential growth and revenue proves the story.....
Coinbase announced stellar earning yesterday....and expects even better 2nd quarter guidance which is Bullish...i have no doubt Galaxy will do same Monday.
See bullish comments today for Coinbase below...
Coinbase Global Posts Strong Q1 Results; Sees Disconnect Between Valuation, Fundamentals on Fee Compression, Oppenheimer Says
2021-05-14 10:37:15 AM ET (MT Newswires)
10:37 AM EDT, 05/14/2021 (MT Newswires) -- Coinbase Global (COIN) delivered solid results in Q1 owing to higher verified user base, monthly transacting users and revenue, but there appears to be a "disconnect" between share valuation and fundamentals due to significant fee compression on competition, Oppenheimer said Friday.
Q1 adjusted EPS and total revenue reported Thursday was in-line with consensus at $3.05 and $1.8 billion, respectively.
"Guidance and our tracker indicate strong fundamentals and upward revenue revisions in 2Q21. Despite competition from De-Fi and other exchanges, the impact of fee compression seems overblown," analyst Owen Lau said in a note.
Oppenheimer maintained Coinbase's outperform rating with a $434 price target.