Benchmark has significantly increased its target price for Coinbase stock to $421
2025-06-23 14:22:02
Brokerage firm Benchmark said in a research note on Monday that U.S. digital asset platform Coinbase (COIN) is expected to benefit from the enactment of the Crypto Market Structure Act proposed by the House of Representatives earlier this month, thus significantly raising its stock price target from $310 to $421 and reiterating its buy rating on the stock. Analysts believe that the enactment of the CLARITY Act will significantly promote the development of staking, which is a positive for Coinbase.
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