B3bit

06/17 14:53Boğa

Benchmark sees Coinbase moving past 'cyclical cryp

#World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge #HTX Creation Challenge — Post and Win 1,500U 💥

Benchmark sees Coinbase moving past 'cyclical crypto brokerage,' reiterates $270 price target Benchmark reiterated its Buy rating on Coinbase with a $270 price target following the exchange’s System Update on Tuesday. The research and investment firm said the update demonstrated that Coinbase is evolving beyond a “cyclical crypto brokerage” toward a platform linking traditional finance with the onchain economy. Benchmark Equity Research reiterated its Buy rating on Coinbase CCOIN-0.48% and maintained a $270 price target after the crypto exchange's System Update, saying the product rollout demonstrated the company's evolution beyond a crypto trading venue into broader financial and onchain infrastructure. Coinbase shares closed at $169.27 on Tuesday, down 0.2% on the session, according to The Block’s COIN price page. Benchmark’s $270 target implies roughly 59.5% upside from that closing price. In a note to clients on Wednesday, Benchmark analyst Mark Palmer said the update advanced Coinbase’s “everything exchange” strategy through a broad suite of product launches spanning tokenized U.S. equities, stock and crypto options, pre-IPO perpetual futures, prediction markets, AI-powered investing tools, agentic payments infrastructure, and consumer finance products. “In our view, the company’s update yesterday provided the clearest evidence yet that it is rapidly evolving from a cyclical crypto brokerage into a foundational infrastructure platform linking the emerging onchain economy to the traditional one,” Palmer wrote. Benchmark also described what it termed one of the most significant announcements from Tuesday’s presentation as regulatory in nature.

1Paylaş