Bank of America Raises Coinbase Price Target to $203 From $174
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.5 Articles
5 Articles
COIN Stock: Bank of America Raises Coinbase Price Target to $203
The post COIN Stock: Bank of America Raises Coinbase Price Target to $203 appeared first on Coinpedia Fintech News Bank of America raised its price target for Coinbase (COIN) stock to $203 from $174 while maintaining a Buy rating. The bank also raised its 2027 and 2028 earnings estimates, expecting higher revenue from USDC reserves after the Federal Reserve’s September rate hike. Coinbase’s near-term outlook remains weaker due to lower trading v…
Crypto Briefing
Cryptocurrency News | Cryptocurrency Prices | Market CapBank of America raises Coinbase price target to $203, keeps Buy rating
BofA's revised target for Coinbase highlights the growing importance of stablecoin revenue and the impact of monetary policy on future earnings.
According to ChainCatcher, Bank of America has raised its price target for Coinbase from $174 to $203 and reiterated its "buy" rating. The bank expects stablecoin revenue to grow further following the Federal Reserve's rate hike in September, thus raising its EPS forecasts for Coinbase for 2027 and 2028. However, due to weakening cryptocurrency trading volumes, Bank of America lowered its near-term earnings guidance for Coinbase, despite Bitcoin…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
