Coinbase Stock Rallies 8% After Goldman Sachs Upgrades Stock To Buy
Cointelegraph
Goldman Sachs upgraded Coinbase stock from "neutral" to "buy," causing its shares to rally 8% with an increased price target.Summary
Coinbase shares surged 8% after Goldman Sachs analyst James Yaro upgraded the stock from "neutral" to "buy," raising the 12-month price target from $294 to $303 per share. Goldman Sachs expressed "selective optimism" regarding structurally growing crypto infrastructure businesses like Coinbase, citing growth potential beyond simple crypto trading, including infrastructure plays, tokenization, and prediction markets. This optimism aligns with Coinbase's strategy to prioritize stablecoins, broaden exchange services, and develop its Ethereum layer-2 Base. Goldman Sachs also anticipates broader crypto adoption in 2026, contingent on further regulatory reform in the US, which they view as key to ecosystem growth.
(Source：Cointelegraph)