Coinbase stock ended the week at $175.20, continuing to consolidate above its 2026 lows. Although COIN remained below its earlier yearly highs, recent increases in Wall Street price targets have focused attention on a possible recovery.

Morgan Stanley initiated coverage of Coinbase on Sept. 10 with a $250 price target. Goldman Sachs also raised its target this month, from $196 to $219, while Cantor Fitzgerald maintained its $212 target. The revisions came as Coinbase continued expanding beyond cryptocurrency spot trading into stocks, prediction markets, tokenized assets, stablecoins, and payments.

Analysts Raise Their Coinbase Targets

Several analysts have adopted a bullish view of Coinbase. Michael Cyprys of Morgan Stanley initiated coverage with a $250 target, implying 43% upside from the stock’s current level. James Yaro of Goldman Sachs lifted his target from $196 to $219, while Ramsey El-Assal of Cantor Fitzgerald reiterated a bullish outlook and set a $212 target. Analysts at Mizuho, HC Wainwright, Citigroup, and Bernstein are also bullish on the company.

In a recent note, Yaro said Coinbase was evolving from a cryptocurrency exchange into a broader participant in several financial-market verticals. The company has described its objective as becoming an “everything exchange,” allowing users to trade assets beyond cryptocurrencies.

Coinbase has already added stocks and exchange-traded funds (ETFs) to its platform. It is also investing in real-world asset (RWA) tokenization technology, which enables users to gain exposure to certain assets without using a traditional broker. SanDisk, Nvidia, and Micron are among the most commonly traded stocks on the platform. Coinbase recently launched Bitcoin-backed mortgages as well.

Stablecoins and Prediction Markets Add to Coinbase’s Business

Coinbase has also expanded into stablecoins. Rather than launching its own stablecoin, the company works with established issuers and earns fees from their products. Its most significant relationship is with Circle Internet Group, the company that created USDC.

Under the arrangement, Coinbase retains the interest earned on its USDC holdings. The company generated more than $1 billion in stablecoin revenue last year, and the source article said that revenue could continue growing as demand for stablecoins increases. Coinbase is also benefiting from elevated short-term bond yields.

The company is becoming a significant participant in prediction markets, an industry that has experienced strong growth. Activity increased during the World Cup, and the business is expected to receive further attention as European soccer tournaments begin and the US NFL season starts. The prediction-market business has also benefited companies including Robinhood Markets.

Near-term revenue expectations remain a potential challenge. Analysts expect Coinbase’s third-quarter revenue to reach $1.16 billion, a decline of more than 37% from the same period last year. Fourth-quarter revenue is expected to fall 24% to $1.34 billion, bringing the annual total to $5.3 billion. Analysts then expect revenue to rise nearly 30% next year to $6.7 billion as the company’s newer products gain momentum. This forecast places added focus on whether revenue from those newer offerings can offset the expected near-term declines as Coinbase broadens its business.

Technical Analysis Points to a Potential Base

The daily chart indicates that COIN may be forming a bottom. The stock found support at $141.3, its lowest level in February, July, and August this year. The article said this level suggested that investors were reluctant to establish short positions below that price.

COIN has moved above its 50-day Exponential Moving Average (EMA), which the analysis identifies as a sign that bullish forces are prevailing. Under that technical scenario, the stock could continue rising toward the key resistance level at $250. The view would receive confirmation if COIN moves above $200.

This article is for informational purposes only and does not constitute financial or investment advice. Investing in stocks and crypto-related assets involves risk, and past performance does not guarantee future results. Readers should conduct their own research before making investment decisions.

Source: The Market Periodical