Bank of America raises Coinbase price target to $203, keeps Buy rating

Key Summary

Bank of America has raised its price target on Coinbase Global to $203, up from $174, due to stablecoin revenue expectations after the Federal Reserve's rate hike in September 2026. The bank also raised its earnings per share estimates for Coinbase for 2027 and 2028, citing the stablecoin revenue it expects to come through in those years. However, BofA trimmed its near-term forecasts for Coinbase due to declining crypto trading volumes.