Bullish
BofA raises Coinbase price target to $203, citing stablecoin revenue growth.
Bank of America (BofA) has increased its price target for Coinbase (COIN) to $203 from $174, maintaining a 'Buy' rating. This adjustment reflects higher earnings projections for 2027 and 2028, driven by anticipated growth in stablecoin revenues following the Federal Reserve's recent rate hike.
Key points
- BofA's price target raised to $203, up from $174.
- Coinbase's current stock price is $188.22, with a market cap of approximately $49.58 billion.
- The stock has a P/E ratio of -49.79 and an EPS of -$3.78.
Sources
AI-generated from public news sources. Not financial advice.
