Coinbase stock will rise 38% with increased regulatory tail and Bernstein price targets
Stocks Coinbase It achieved its highest price on Wednesday in the year as the company not only benefits from increased clarity of domestic and global regulations, but also benefits from price targets from major investment research companies.
Stock prices on the largest US crypto exchange have skyrocketed 38% since June 18th, after the US Senate passed its first bill. Regulatory Framework for stablecoinsa kind of cryptocurrency with 1:1 fixed in the US dollar. Stocks continued to rise this week, rising 2% on Wednesday to a 52-week high of $369, settling around $352.
The Senate bill is called genius The law must pass the House before it becomes law. If so, it is expected to be offered Stablecoin Publisher An unprecedented pass to regulatory compliance, like circles. It also has a great advantage for Coinbase’s large Stablecoin business. First quarter revenue 2025.
Crypto Exchange shares were further lifted on June 20th after becoming the first US exchange to be regulatory approval in the European Union. Coinbase received markets at Crypto Assets (MICA) license In Luxembourg, exchanges have enabled cryptographic services to all 27 EU member states.
In addition to the recent regulatory tailwinds, investors quickly bought Coinbase to buy it after a report on Wednesday from global equity and research brokerage Bernstein, which saw analyst Gautam Chhugani raise its stock price target from $310 to $510 by the end of 2027, rising 65%. Price targets are forecasts of the future prices of stocks made by financial analysts that shape investors’ expectations and influence market sentiment.
Chhugani called Coinbase “the most misunderstood company in the scope of encryption,” saying investors were not taking advantage of the company’s position as a distinguished crypto stock in the market.
“It is the only crypto company on the S&P 500, dominates the US crypto trading market, operates the largest stubcoin business among the exchanges, controls institutional cryptography, obtains the largest global crypto option exchange delivery bit, and operates the largest and fastest chain, base. Ethereum,” chhugani wrote in his notes.
While acknowledging Coinbase’s large Stablecoin business will become beneficiaries of the Genius Act, Chhugani also said the company could benefit from another upcoming law. Introduced in the House of Representatives in May, the Clarity Act focuses on strengthening the role of government agencies, such as the Securities and Exchange Commission, in regulating cryptocurrencies.
While these positive developments at Coinbase have already lifted double-digit inventory, Citizens Bank analyst Devin Ryan believes there is more room for growth.
“The pace of newsflows around Coinbase has been thrilled over the past few weeks, and we don’t think the market is fully tied to the dots, even after a stock move of about 40% in June.” statement.