Coinbase Stock Soars as HC Wainwright Upgrades to ‘Buy’ with $425 Price Target

Financial analysts at HC Wainwright have boosted their stance on Coinbase, upgrading the company’s stock from ‘Sell’ to ‘Buy’ and setting a price target of $425 per share. This move is driven by optimistic predictions for rising crypto values and favorable regulatory prospects in the United States. The analysts anticipate higher revenue for Coinbase due to increasing institutional interest and favorable regulatory changes that could positively impact both market dynamics and investor sentiment.