Coinbase Global Inc. (NASDAQ: COIN) is considered one of the best debt-free stocks to buy now, with BofA upgrading its rating to Buy and maintaining a price target of $340. Despite a recent 40% decline, the pullback is believed to be due to a crypto-led correction, not company-specific issues. The company has expanded into stock and ETF trading, aiming to become an “everything exchange.”

Barclays, on the other hand, remains cautious on COIN, maintaining an Equal Weight rating and lowering the price target to $258 due to anticipated headwinds in Q4. The company is set to report Q4 results in February, with analysts mostly rating it as a Buy and estimating a 55% upside in the next year.

While COIN shows potential as an investment, some AI stocks may offer greater upside with less downside risk. If seeking an undervalued AI stock benefiting from Trump-era tariffs, consider looking into the best short-term AI stock. For more insights, check out the 12 Best Software Infrastructure Stocks to Buy According to Hedge Funds and Cathie Wood’s Stock Portfolio: Top 10 Stocks to Buy.

Read more at Yahoo Finance: BofA Sees Long-Term Upside in Coinbase Global (COIN) Despite Near-Term Crypto Volatility