Coinbase shares climbed 5.40% to $181.28 on Friday after Morgan Stanley raised its price target to $258 from $250 while retaining an Equal Weight rating. The stock traded between an intraday low near $171 and a high of $182.45, bringing its market capitalization to approximately $47.7 billion. Citizens JMP cut its target to $280 from $325 but kept a Market Outperform rating, saying Coinbase's expansion beyond cryptocurrency trading still requires execution. Baird and Barclays also raised their targets, while Wells Fargo began coverage with an Equal Weight rating. The revisions followed Coinbase's second-quarter report of $1.22 billion in revenue, down 18.5% year over year and below the $1.29 billion analyst estimate, and an adjusted loss of $1.36 per share versus an expected loss of $0.44. Coinbase is expanding into equities, derivatives and event contracts but faces uncertainty over revenue, market conditions and Michigan's effort to block its sports prediction-market offering.