From Yahoo Finance: 2025-05-13 15:20:00

Bernstein predicts a $16 billion inflow for Coinbase after its addition to the S&P 500, with $9 billion from passive funds and $7 billion from active allocations.

Coinbase, the first crypto company in the S&P 500, sees this as a major turnaround from recent legal issues with the SEC, signaling growing legitimacy for crypto in traditional markets.

Analysts reaffirm a previous projection that Coinbase stock could reach $310, with an “outperform rating,” highlighting the company’s potential for growth.

Coinbase, founded in 2012, is the largest crypto exchange in the U.S., processing over $1.5 billion in daily trading volume, holding $320 billion in assets, and serving nearly 10 million active users monthly.

Coinbase will join the S&P 500 on May 19, replacing Discover Financial Services, marking a significant milestone for the company as it continues to grow in the traditional financial market.

Coinbase stock is currently trading at $248.22, showing a 20% increase since the announcement of its addition to the S&P 500, reflecting positive investor sentiment towards the company’s future prospects.

Read more: Analyst predicts $16B boost for new company joining S&P 500