Coinbase Stock Soars Following JPMorgan Upgrade: Focus Shifts to Base Network and USDC Changes

Shares of Coinbase Global Inc. (COIN) surged by over 9% on Friday following an upgrade from JPMorgan Chase. The bank’s analysts cited the exchange’s strategic focus on its Base layer-2 blockchain network and modifications to its USDC payout program as key drivers behind this growth. 📈 JPMorgan raised its rating, boosted their price target to $404 per share (representing a potential 15% upside), highlighting Coinbase’s growing market dominance.