Cantor Fitzgerald Raises Coinbase (COIN) Price Target

Coinbase Global, Inc. (NASDAQ:COIN) is one of the 14 Best Aggressive Growth Stocks to Buy According to Analysts. On July 21, Cantor Fitzgerald increased its price target for Coinbase Global, Inc. (NASDAQ:COIN) from $292 to $500 and kept an Overweight rating.

This increase in price target reflects Cantor Fitzgerald’s updated earnings estimates for Coinbase Global, Inc. (NASDAQ:COIN). The firm now projects EPS of $10.76 for 2026, up from the previous estimate of $8.36.

Cantor Fitzgerald Raises Coinbase (COIN) Price Target

A shot of someone securely accepting crypto assets as payment, showcasing the company’s payment solutions.

Cantor Fitzgerald gave three main reasons for its more positive outlook. These include expectations for transaction revenue to decline less than previously forecasted, higher stablecoin revenue, and growth in blockchain revenue rewards because of recent increases in proof-of-stake digital assets.

The firm pointed out that Coinbase Global, Inc.’s (NASDAQ:COIN) stock has started to reflect the stablecoin opportunity, but it does not yet account for the potential of Base, the company’s layer 2 blockchain. Cantor Fitzgerald also highlighted the company’s announcement of a comprehensive cryptocurrency “superapp” with features like payments, social features, chat, apps, and trading.

Coinbase Global, Inc. (NASDAQ:COIN) is an American company that operates a platform for buying, selling, transferring, trading, staking, and storing cryptocurrency assets.

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Disclosure: None. This article is originally published at Insider Monkey.