Cantor shows confidence in Coinbase, raising 12-month target by 15%

From Yahoo Finance: 2025-06-13 20:02:00

Cantor Fitzgerald analysts have raised their 12-month price target for Coinbase from $253 to $292, showing confidence in the crypto exchange. Despite lowering revenue estimates by 4%, they maintain an “overweight” rating on COIN. Coinbase announced a partnership with Shopify to enable merchants to accept payments in USDC, expanding globally later this year. The exchange also launched the Coinbase One Card, offering up to 4% Bitcoin rewards on purchases. COIN stock closed at $242.71 on June 13 amidst market turbulence from the Israel-Iran conflict.



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