On April 14, 2021, the cryptocurrency exchange platform Coinbase went public on the Nasdaq with a price of $328.28 per share, giving it a whopping valuation of $85.7 billion.Although the crypto market has seen high uncertainty in the past year, Coinbase stands out as an undervalued stock pick due to strong financials and product growth opportunities.It is clear that crypto is here to stay and Coinbase will benefit tremendously from the rising popularity and acceptance.We rate Coinbase Global, Inc. as a buy with a price target of $399.56, which is a 59.7% upside from the current price of $250.15.
