Bank of America raises Coinbase price target to $203
- —Coinbase price target raised to $203 from $174, Buy rating maintained
- —2027–2028 EPS estimates lifted on expected stablecoin revenue growth
- —Near-term estimates cut as crypto trading volumes weaken
- —BTC and ETH gained 43% and 70% in Q3
Why it matters: The upgrade signals Wall Street is betting on Coinbase's stablecoin revenue rather than trading fees.
Source: ChainCatcher 链捕手