Coinbase is evident on outperformance as cryptocurrencies become more integrated into financial services, according to Rothschild & Co. Redburn. The investment company has improved Coinbase to buy from Neutral. Its price target of $ 417, compared to $ 325, reports an increase of 12.1% compared to Thursday’s fence. “The evolution of the landscape of digital assets presents significant opportunities and risks for investors,” analyst Nicholas Watts Watts Watts in a note on Friday. He described the Crypto Exchange a “well -balanced game on the wider adoption of digital assets”. A high volume of trading in digital assets and growth in the market capitalization of tokens, in particular as the appetite of institutional investors for the growth of cryptocurrencies, will also increase the stock, said Watts. “In the long term, our basic expectations are for … growing levels of institutional interest, the emergence of actual world use and a high level of commitment to retail investors,” he wrote. The institutional interest in cryptocurrencies has shown growth in recent years, in particular following approval by the Securities and Exchange Commission of ETF Bitcoin and Ether in the United States in 2024. And although “competitive dynamics” emerged in the Crypto retail, said Coinbase. “Despite a competitive dynamic in the Crypto retail trade, the resilience of the rhythm of the retail sale of Coinbase surprised the market, having constantly an average of C1.5%,” wrote the analyst. Rothschild’s note for Coinbase is in accordance with the majority of calls for Wall Street, although analysts are somewhat divided on the stock. Eighteen of the 36 analysts which cover the action have a note of purchase or strong purchase on Coinbase, while 15 analysts tell their customers to hold the actions of the company, by LSEG. Coinbase shares increased approximately 0.5% in preheating exchanges on Friday. The stock jumped 128% in the past year.
