Citigroup revised Coinbase’s stock price target from $270 to $505, predicting an 87% upside. The company’s current close at $379.49 on July 28 could see a 30% surge. Coinbase, the largest U.S. crypto exchange, went public in April 2021 and joined the S&P 500 in May 2025.

Coinbase is the only crypto stock in the S&P 500, reflecting investor confidence in digital assets. Citigroup attributes the price hike to progress on U.S. crypto bills and inclusion in the S&P 500. The investment bank maintains a “Buy” rating on the stock, expecting Q2 results by July 31.

Zacks anticipates Coinbase’s Q2 earnings to benefit from higher trading volume amid asset volatility. Factors like expanded product offerings, global presence, and Deribit’s acquisition could drive performance. Zacks predicts a 12% beat on Wall Street’s earnings forecast, highlighting Coinbase’s potential growth.

Citigroup’s optimistic outlook on Coinbase’s stock was first reported by TheStreet on July 29, 2025. The firm’s analysis underscores the positive trajectory for COIN, reflecting broader trends in the digital assets industry.

Read more at Yahoo Finance: Citigroup sees 87% upside for surging tech stock