Goldman Raises Coinbase Price Target to $196 as Crypto Outlook Improves

Wall Street analysts raised their price targets on Coinbase and Strategy while maintaining bullish ratings on both crypto-linked stocks, with Goldman Sachs pointing to improving digital-asset markets and expansion beyond Coinbase’s core business.

Goldman Sachs increased its Coinbase (COIN) price target to $196 from $173 and reiterated its “Buy” rating, according to CNBC. The bank cited further potential gains if the crypto market’s recovery persists, alongside continued growth in Coinbase businesses including derivatives and prediction markets. 

Strategy (MSTR) also received a higher target from Canaccord, which raised its forecast to $175 from $130 while keeping a “Buy” rating. Canaccord said Strategy’s investment setup had strengthened, citing an improved balance sheet, recovering preferred shares and a more favorable crypto backdrop.

The analyst actions extended beyond crypto-linked equities. Raymond James upgraded AMD to “Strong Buy,” while Bank of America maintained positive views on Nvidia, Marvell, and Micron. Dynatrace, Moderna, and Shift4 Payments also received upgrades.

Source: CNBC