Morgan Stanley starts Coinbase coverage with $250 target, sees 43% upside

Sep 12, 2026 15:03 (41d ago)

Morgan Stanley initiated coverage of Coinbase with a neutral rating and $250 price target.
Coinbase traded at approximately $175, leaving about 43% implied upside to Morgan Stanley's target.
Coinbase's strategy covers stocks, commodities, prediction markets, pre-IPO exposure and tokenized assets.

Morgan Stanley initiated coverage of Coinbase on September 10 with a neutral rating and a $250 price target, implying about 43% upside from the cryptocurrency exchange's current price of approximately $175. The bank said Coinbase is becoming an important bridge between traditional finance and digital assets. Its Everything Exchange strategy spans stocks, commodities, prediction markets, pre-IPO exposure and tokenized assets, while custody, financing, stablecoin partnerships and the Base network extend the company across the digital-asset infrastructure layer.