Bank of America raises Coinbase price target to $203

Bank of America has increased its price target for Coinbase Global (COIN) to $203, up from a previous target of $174, while maintaining a ‘Buy’ rating. The revision is driven by expectations of higher revenue from stablecoins following the Federal Reserve’s interest rate hike in September 2026.

In addition to the price target increase, the bank raised its earnings per share estimates for Coinbase for the years 2027 and 2028. While the long-term outlook is bolstered by projected stablecoin revenue, Bank of America trimmed near-term forecasts due to a decline in cryptocurrency trading volumes, despite significant price increases in Bitcoin and Ether during the third quarter.