Coinbase Price Target Rises to $292 as Cantor Fitzgerald Shows Optimism

Cantor Fitzgerald has significantly raised its price target for Coinbase stock, jumping from $253 to a bullish $292. This optimistic outlook reflects the firm’s confidence in Coinbase’s ability to diversify and capitalize on long-term growth opportunities within the cryptocurrency industry. Cantor Fitzgerald highlights two key drivers: strong trading performance and expansion into non-trading services. The analysts anticipate that these initiatives will contribute significantly to Coinbase’s future success, particularly after 2027 when they expect a major shift in investor sentiment.