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COIN Stock: Bank of America Raises Coinbase Price Target to $203

Published by
Qadir AK

Bank of America raised its price target for Coinbase (COIN) stock to $203 from $174 while maintaining a Buy rating. The bank also raised its 2027 and 2028 earnings estimates, expecting higher revenue from USDC reserves after the Federal Reserve’s September rate hike. Coinbase’s near-term outlook remains weaker due to lower trading volumes. Still, BofA expects stablecoin revenue to support future earnings growth.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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