Bank of America raised its price target on Coinbase Global from $174 to $203 while maintaining its Buy rating. Analyst Craig Siegenthaler is betting on stablecoin revenue following the Federal Reserve’s rate hike in September 2026. The bank also raised its earnings per share estimates for 2027 and 2028 but trimmed near-term forecasts due to declining crypto trading volumes. In the first quarter, Coinbase reported revenue of $1.41 billion and a GAAP net loss of $394 million, compared to a profit of $65.61 million a year earlier.
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