As per Bijié Wǎng, Wall Street firm Bernstein has maintained an 'outperform' rating for Coinbase (COIN) with a $510 price target. The analysts believe the exchange's transition from spot trading to a broader 'all-in-one exchange' platform—covering stablecoins, staking, custody, token issuance, and derivatives—has created sustainable growth momentum. Bernstein also highlighted the clarification of the U.S. regulatory environment and upcoming product launches, including a new release on December 17, as key catalysts to enhance the value of Coinbase's ancillary businesses and narrow the gap with overseas competitors. With Coinbase's stock currently at $269.42, this implies nearly 90% potential upside to the firm's target price.
Bernstein Analysts Say Coinbase Stock Has 90% Upside Despite Market Correction
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