Bank of America highlights Coinbase’s rapid product diversification, including stocks, ETFs, prediction markets, and the Base network, as drivers of a projected 38% upside.
Bank of America upgraded Coinbase’s rating from Neutral to Buy with a $340 price target, indicating a 38% upside. The bank cited faster product expansion, strategic shifts, and an attractive valuation following a 40% stock pullback since July. Key growth areas include Coinbase’s recent push into stocks, ETFs, prediction markets, and further developments in its Layer2 Base network and real-world asset tokenization initiatives.