Coinbase offers the primary financial account in the crypto economy for consumers, a marketplace with a pool of liquidity for transacting in crypto assets for institutions, and technology and services that enable developers to build crypto-based applications and securely accept crypto assets as payment.
While Wood recently took some profits in the stock, she remained very positive on the shares and noted that the court ruling for Ripple against the Securities and Exchange Commission was positive for Coinbase and the industry.
Compass Point has a $140 target price, and Coinbase Global stock has a consensus target well below Friday’s close at $100.82.
Roku
Over-the-top streaming for entertainment and other content is huge, and this stock is a solid way to play it, as well as the third largest holding in the portfolio. Roku Inc. (NASDAQ: ROKU) operates a TV streaming platform that allows users to find and access TV shows, movies, news, sports and more.
The company also provides digital advertising and related services, including the demand-side ad platform and content distribution services, such as subscription and transaction revenue shares; media and entertainment promotional spending services; premium subscription services; video and display advertising services; and branded channel buttons on remote controls of streaming devices.
In addition, Roku offers billing services and brand sponsorship and promotions. It manufactures, sells and licenses smart TVs under the Roku TV name. The company provides streaming players, audio products and smart home products and accessories under the Roku brand name. It offers its products and services through retailers and distributors, as well as directly to customers through its website, in North America, the United Kingdom, Brazil and Germany.
The BofA Securities target price is $86, while the consensus target is just $68.65. Roku stock ended Friday’s session at $73.50.
Zoom Video Communications
A huge pandemic winner that has come in sharply is still the standard for an industry that likely continues to grow as more people work from home. Zoom Video Communications Inc (NASDAQ: ZM) provides a unified communications platform in the Americas, the Asia Pacific, Europe and elsewhere.
The company’s offerings include the following:
- Zoom Meetings include HD video, voice, chat and content sharing through mobile devices, desktops, laptops, telephones and conference room systems.
- Zoom Phone is an enterprise cloud phone system.
- Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet and mobile devices.
- Zoom Rooms is a software-based conference room system.
- Zoom Hardware-as-a-Service allows users to access video communication technology from third-party equipment.
- Zoom Conference Room Connector is a gateway for SIP/H.323 endpoints to join Zoom meetings.
- Zoom Events enables users to manage and host internal and external virtual events.
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