Coinbase Global ( (COIN) ) has risen by 11.58%. Read on to learn why.
Coinbase Global has seen a notable 11.58% increase in its stock price over the past week, driven by a mix of legal battles and strategic partnerships. The company is currently engaged in a legal dispute with the FDIC over delays in accessing public records related to the alleged debanking of crypto firms. This lawsuit is part of a larger controversy, dubbed ‘Operation Chokepoint 2.0,’ where federal agencies are accused of pressuring banks to sever ties with crypto clients. Despite these challenges, Coinbase’s strategic moves, such as its partnership with Circle and its role in the Ethereum-based network, have strengthened its position as a key player in the crypto infrastructure.
Coinbase’s recent performance has caught the attention of analysts, with Cantor Fitzgerald initiating coverage with an ‘Overweight’ rating and a price target of $245. This optimism is fueled by Coinbase’s transformation from a simple trading platform to a crucial component of the crypto ecosystem, particularly through its stablecoin partnership with Circle. The company’s financial health is further bolstered by its share of Circle’s residual revenue from the USDC stablecoin, highlighting its potential for sustained growth despite regulatory headwinds.
The broader crypto market has also experienced a resurgence, with major cryptocurrencies like Bitcoin and Ethereum posting significant gains. This rally has been partly attributed to favorable policy shifts in the U.S., including a pause on global tariffs by President Trump, which has reignited market optimism. As a result, crypto stocks, including Coinbase, have surged, reflecting a renewed investor confidence in the sector’s long-term prospects. Analysts remain cautiously optimistic about Coinbase’s future, with a moderate buy consensus and a price target suggesting substantial upside potential.
