Coinbase eyes record close as analysts raise price target to $510, call company ‘Amazon of crypto’
- Bernstein analysts raised their target for Coinbase’s stock to $510 from $310, citing newer earnings projections.
- Coinbase would be a major beneficiary of the GENIUS stablecoin legislation, which has already passed the Senate.
- COIN extended its rally to $355, closing in on its record close of $357.
Coinbase (COIN) saw a 3% gain, rising to $355 at the close of the market on Wednesday, its highest close since November 2021, following Bernstein analysts raising their price target for the crypto exchange’s stock to $510.
Bernstein analysts predict Coinbase stock to hit $510
Bernstein analysts, led by Gautam Chhugani, have raised their price target for Coinbase stock to $510, up 65% from the previous target of $310 set in Q1,…
