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2 clusters · 6 sources · 4 days · First seen · Last updated

Wall Street analyst adjustments for Coinbase

Overview

Financial institutions have issued varying price target adjustments for Coinbase. On October 5, Bank of America raised its price target for the company to $203 from $174, maintaining a ‘Buy’ rating. This increase was attributed to anticipated higher revenue from stablecoins following a Federal Reserve interest rate hike in September 2026, though the bank noted a decline in near-term cryptocurrency trading volumes.

By October 9, Morgan Stanley adjusted its price target for Coinbase to $258 from $250, while maintaining an ‘Equal Weight’ rating. During the same period, Citizens JMP lowered its price target from $325 to $280 but kept a ‘Market Outperform’ rating, stating the company needs to expand its operations beyond cryptocurrency trading.

Entities

Coinbase · Bank of America · Barclays · Robinhood · Federal Reserve

Timeline

  1. [BUSINESS] 3 sources
    Coinbase price target raised to $258 by Morgan Stanley

    Morgan Stanley raised its Coinbase price target to $258 and its Robinhood target to $160, while Barclays increased its target for MicroStrategy amid strong fintech sector fundamentals.

  2. [BUSINESS] 3 sources
    Bank of America raises Coinbase price target to $203

    Bank of America raised its Coinbase price target to $203 from $174, citing expected growth in stablecoin revenue following Federal Reserve rate hikes, despite lower near-term trading volumes.

Sources

coinpedia.org · crypto.news · cryptobriefing.com · latestnigeriannews.com · newsable.asianetnews.com · stocknews.com