The broker raised its price target to $230 from $160 and maintained its market perform rating. Coinbase (COIN) offers investors unique exposure to the long-term growth of the crypto economy, KBW said in a research report on Tuesday. KBW raised its Coinbase price target to $230 from $160 while maintaining its market perform rating. The crypto exchange’s stock closed at $245.84 on Tuesday, having risen over 40% year-to-date. “We see a significant near-term revenue opportunity from inflecting USD Coin (USDC) outstanding balances, elevated crypto asset levels, and an apparent retail re-engagement from trough levels in 2023,” analysts led by Kyle Voigt wrote.
LIVE
Mkt Cap $2.29T
BTC Dom 56.78 %
BTC
$64,922.00
▲ +0.40%
ETH
$1,914.01
▲ +0.40%
USDT
$0.999359
▲ +0.00%
BNB
$590.24
▼ -0.70%
USDC
$0.999651
▲ +0.00%
XRP
$1.03
▼ -1.00%
SOL
$73.51
▲ +0.30%
TRX
$0.326774
▼ -0.20%
FIGR_HELOC
$1.04
▲ +1.50%
HYPE
$56.82
▲ +2.10%
DOGE
$0.069458
▲ +0.60%
USDS
$0.999929
▲ +0.00%
RAIN
$0.012723
▲ +1.30%
LEO
$9.77
▲ +0.20%
ZEC
$511.30
▲ +1.10%
ADA
$0.201408
▲ +7.20%
XMR
$369.28
▲ +1.00%
WBT
$56.10
▲ +0.10%
LINK
$8.21
▲ +1.30%
XLM
$0.161297
▲ +0.80%
DAI
$0.999835
▲ +0.00%
BCH
$215.70
▲ +1.60%
USD1
$0.999755
▲ +0.00%
USDE
$0.999714
▲ +0.00%
GRAM
$1.34
▼ -3.00%
Mkt Cap $2.29T
BTC Dom 56.78 %
BTC
$64,922.00
▲ +0.40%
ETH
$1,914.01
▲ +0.40%
USDT
$0.999359
▲ +0.00%
BNB
$590.24
▼ -0.70%
USDC
$0.999651
▲ +0.00%
XRP
$1.03
▼ -1.00%
SOL
$73.51
▲ +0.30%
TRX
$0.326774
▼ -0.20%
FIGR_HELOC
$1.04
▲ +1.50%
HYPE
$56.82
▲ +2.10%
DOGE
$0.069458
▲ +0.60%
USDS
$0.999929
▲ +0.00%
RAIN
$0.012723
▲ +1.30%
LEO
$9.77
▲ +0.20%
ZEC
$511.30
▲ +1.10%
ADA
$0.201408
▲ +7.20%
XMR
$369.28
▲ +1.00%
WBT
$56.10
▲ +0.10%
LINK
$8.21
▲ +1.30%
XLM
$0.161297
▲ +0.80%
DAI
$0.999835
▲ +0.00%
BCH
$215.70
▲ +1.60%
USD1
$0.999755
▲ +0.00%
USDE
$0.999714
▲ +0.00%
GRAM
$1.34
▼ -3.00%
BTC
$64,922.00
▲ +0.40%
ETH
$1,914.01
▲ +0.40%
USDT
$0.999359
▲ +0.00%
BNB
$590.24
▼ -0.70%
USDC
$0.999651
▲ +0.00%
XRP
$1.03
▼ -1.00%
SOL
$73.51
▲ +0.30%
TRX
$0.326774
▼ -0.20%
FIGR_HELOC
$1.04
▲ +1.50%
HYPE
$56.82
▲ +2.10%
DOGE
$0.069458
▲ +0.60%
USDS
$0.999929
▲ +0.00%
RAIN
$0.012723
▲ +1.30%
LEO
$9.77
▲ +0.20%
ZEC
$511.30
▲ +1.10%
ADA
$0.201408
▲ +7.20%
XMR
$369.28
▲ +1.00%
WBT
$56.10
▲ +0.10%
LINK
$8.21
▲ +1.30%
XLM
$0.161297
▲ +0.80%
DAI
$0.999835
▲ +0.00%
BCH
$215.70
▲ +1.60%
USD1
$0.999755
▲ +0.00%
USDE
$0.999714
▲ +0.00%
GRAM
$1.34
▼ -3.00%
Mkt Cap $2.29T
BTC Dom 56.78 %
BTC
$64,922.00
▲ +0.40%
ETH
$1,914.01
▲ +0.40%
USDT
$0.999359
▲ +0.00%
BNB
$590.24
▼ -0.70%
USDC
$0.999651
▲ +0.00%
XRP
$1.03
▼ -1.00%
SOL
$73.51
▲ +0.30%
TRX
$0.326774
▼ -0.20%
FIGR_HELOC
$1.04
▲ +1.50%
HYPE
$56.82
▲ +2.10%
DOGE
$0.069458
▲ +0.60%
USDS
$0.999929
▲ +0.00%
RAIN
$0.012723
▲ +1.30%
LEO
$9.77
▲ +0.20%
ZEC
$511.30
▲ +1.10%
ADA
$0.201408
▲ +7.20%
XMR
$369.28
▲ +1.00%
WBT
$56.10
▲ +0.10%
LINK
$8.21
▲ +1.30%
XLM
$0.161297
▲ +0.80%
DAI
$0.999835
▲ +0.00%
BCH
$215.70
▲ +1.60%
USD1
$0.999755
▲ +0.00%
USDE
$0.999714
▲ +0.00%
GRAM
$1.34
▼ -3.00%
