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CONVERTED ORGANICS (COIN), Snowflake Inc (NYSE:SNOW) - Why Coinbase's Upside Could Be Immense, With A Price Target Of $500


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One of most anticipated IPOs of 2021 took place Wednesday with 
Coinbase Global (NASDAQ: COIN) hitting the public markets. The cryptocurrency exchange company opened for trading at $381 a share. An analyst believes shares can go much higher than Wednesday’s opening price.
The Coinbase Analyst: BTIG analyst Mark Palmer initiated shares of Coinbase with a Buy rating and $500 price target.
The Analyst Takeaways: Palmer called Coinbase the gold standard among digital asset exchanges.
Coinbase is seeing rapid growth as the crypto ecosystem expands and its increased use is a tailwind for the company going forward.
“We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally,” Palmer said. ....

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(DKNG), Penn National Gaming, Inc. (NASDAQ:PENN) - Goldman Sachs Says Put Your Money On DraftKings, Penn National


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The Analyst: Goldman Sachs analyst Stephen Grambling upgrades 
DraftKings Inc (NASDAQ: DKNG) from Neutral to Buy and raises the price target from $45 to $65.
The analyst reiterates a Buy rating on
Penn National Gaming (NASDAQ: PENN) and raises the price target from $86 to $124.
The Analyst Takeaways: DraftKings and Penn National Gaming are two gaming stocks that have outperformed the S&P 500 in 2021. Grambling said this can continue as the two companies are market leaders in the still-emerging online sports betting industry.
“We upgrade DKNG based on their sustained market leading position in key states, ability to participate in the economics of single operator states, and presence of national contracts which will allow the to achieve scale sooner than the broader peer group,” Grambling wrote in a note. ....

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