The bank was reported as saying:
Says the report:
COIN was trading just above $240 as of Friday’s close, down over 46% from its all-time high.
FAQ Why did Bank of America raise its Coinbase price target? Bank of America lifted its COIN target to $340, citing new growth catalysts and Coinbase’s push to become an “everything exchange.” What does “everything exchange” mean for Coinbase? It refers to Coinbase expanding beyond crypto trading into stocks, ETFs, and prediction markets to cross-sell more products. Why is a Base token launch bullish for Coinbase? Analysts say a native Base token could incentivize developers and potentially raise billions in new capital for Coinbase. What is Goldman Sachs’ outlook on Coinbase stock? Goldman Sachs upgraded COIN to Buy, pointing to optimism around crypto and Coinbase’s expansion into tokenization and prediction markets.
