Coinbase Stock Price Target Raised to $510 as Analysts Hail It as the 'Amazon of Crypto'

Bernstein Analysts Predict Coinbase Stock to Hit $510

Bernstein analysts, led by Gautam Chhugani, have raised their price target for Coinbase (COIN) stock to **$510**, a 65% increase from their previous target of $310 set in Q1 2024. In a note shared with investors, they cited:

• Improved earnings forecasts
• Emerging growth catalysts
• Coinbase's dominant position in US crypto markets

The analysts described Coinbase as a "misunderstood" company with untapped potential, comparing it to the "Amazon of crypto financial services."

Key Growth Drivers for Coinbase

1. Regulatory Milestones:

   • Only crypto company in the S&P 500
   • First major exchange approved under the EU’s MiCA regime
   • Beneficiary of the GENIUS stablecoin legislation (passed by the US Senate)

2. Business Expansion:

   • Largest stablecoin revenue share among exchanges (15% of total revenue)
   • Acquisition of Deribit, the leading crypto options platform
   • Growth of Base, its Layer-2 Ethereum network

3. Market Performance:

   • COIN surged 40% since the GENIUS bill advanced
   • Nearing its record close of $357.39 (November 2021)

👉 Why Coinbase is a top crypto stock pick

FAQs

What is the new price target for Coinbase stock?

Bernstein analysts raised their target to $510, citing stronger earnings and regulatory tailwinds.

How does the GENIUS bill benefit Coinbase?

The legislation strengthens stablecoin adoption, a segment generating 15% of Coinbase’s revenue via USDC distribution.

What makes Coinbase the "Amazon of crypto"?

Its market dominance, diversified services (trading, staking, custody), and infrastructure (Base, Deribit) mirror Amazon’s ecosystem approach.

Market Outlook

• COIN closed at $355.37 on Wednesday, up 3% for the day.
• Analysts highlight upcoming catalysts like the CLARITY bill and institutional crypto adoption.

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Disclaimer: This content is for informational purposes only. Invest at your own risk.

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