The post COIN Stock: Bank of America Raises Coinbase Price Target to $203 appeared first on Coinpedia Fintech News
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 …