KBW resumes coverage on Coinbase with 'outperform' rating
COIN•KBW resumed coverage of Coinbase with an “outperform” rating and a $237 price target, which the brokerage said implied 23.5% upside.
COIN•COIN•COIN•KBW resumed coverage of Coinbase with an “outperform” rating and a $237 price target, which the brokerage said implied 23.5% upside.
KBW called Coinbase the leading digital-asset franchise and said it was well-positioned to benefit from a recovery in cryptocurrency prices and trading activity. The brokerage said an improving digital-asset cycle should be the key driver of Coinbase shares over the next 12 months, while stablecoin earnings, global share gains and diversification beyond spot trading could help if the cycle remains flat.
LSEG-compiled data showed 26 of 40 brokerages rated the stock “buy” or higher, 12 rated it “hold” and two rated it “sell” or lower. The median price target was $205.
