According to Coindesk, Wall Street broker Bernstein has maintained its outperform rating and $510 price target for Coinbase (COIN), despite a recent crypto market pullback. In a note led by analyst Gautam Chhugani, the firm highlighted Coinbase's strategic shift toward becoming a full-stack financial platform, reducing reliance on spot trading. Bernstein noted that stablecoins and new product lines like token issuance and derivatives could drive growth, with a key catalyst expected at Coinbase's Dec. 17 product showcase. The report also emphasized Coinbase's expansion into tokenized equities, prediction markets, and consumer-focused services like the Base app.
Bernstein Maintains $510 Price Target for Coinbase Amid Crypto Market Volatility
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