🔸 $Coinbase(COIN.US) - CANTOR FITZGERALD RAISES COINBASE PRICE TARGET TO $500 FROM $292
The firm is raising 2026 EPS estimates to $10.76 (from $8.36) due to higher transaction, stablecoin, and blockchain rewards revenue. They now apply a 46.5x PE multiple (up from 35x) reflecting Coinbase’s shift from a cyclical trading platform to critical crypto infrastructure, driven by its stablecoin initiatives and Base layer-2 network.Coinbase’s launch of a crypto “superapp” for payments, social, and trading could further boost growth. Cantor sees more upside ahead and reiterates its Overweight rating.The copyright of this article belongs to the original author/organization.
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