Bernstein Boosts Coinbase Price Target to $510, Sees Strong Growth Potential

Coinbase Global, Inc. (NASDAQ:COIN) is one of the 11 Best Fintech Stocks to Buy Right Now. Bernstein raised its price target for COIN from $310 to $510, maintaining an “Outperform” rating. The research firm sees COIN as the most misunderstood company in their crypto coverage universe, dominating the US market and being the only crypto company in the S&P 500.

Bernstein analysts highlighted key growth drivers for COIN, including 15% of revenue from its stablecoin business and custody for 8 out of 11 Bitcoin ETF asset managers. The firm also noted COIN’s acquisition of Deribit, the largest crypto options exchange globally, and its operation of Base, the largest and fastest chain on Ethereum.

Bernstein analysts expect COIN to benefit from new US legislation like the GENIUS Act and the upcoming CLARITY Act, forecasting earnings per share in 2025 and 2026 to more than double consensus estimates. COIN is an American crypto and fintech company offering various services related to cryptocurrency assets.

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Read more at Yahoo Finance: Bernstein Raises Coinbase (COIN) PT, Maintains Outperform Rating