Bank of America: Raises Coinbase price target from $174 to $203.

BlockBeats news, October 5: Bank of America raised its price target on Coinbase from $174 to $203 and reiterated a "Buy" rating. The bank expects stablecoin revenue to grow further after the Federal Reserve's rate hike in September, and therefore raised its earnings per share (EPS) estimates for Coinbase from 2027 to 2028.

However, due to weakening cryptocurrency trading volumes, Bank of America lowered its near-term performance expectations for Coinbase, even though Bitcoin and Ethereum rose 43% and 70% respectively in the third quarter.