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Benzinga
Benzinga
Business
Murtuza J Merchant

Coinbase Is The 'Amazon Of Crypto Services', Price Target Boosted To $510: Bernstein

Kyiv,,Ukraine,-,March,15,,2024,Coinbase,Logo,On,Iphone

Bernstein analysts have raised their price target for Coinbase Global Inc. (NASDAQ:COIN) to $510, citing accelerating growth in the company's derivatives business and non-trading revenue streams.

The updated price target marks a significant jump from the previous $310 target, reflecting Bernstein's increased confidence in Coinbase's evolving position as a leading crypto financial services platform.

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