Coinbase Global, the Financial sector company, was revisited by a Wall Street analyst today. Analyst Mark Palmer from Benchmark Co. reiterated a Buy rating on the stock and has a $421.00 price target.
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Mark Palmer has given his Buy rating due to a combination of factors that highlight Coinbase Global’s strategic positioning in the evolving digital asset landscape. Despite a weaker-than-expected second-quarter performance in 2025, Palmer views this as a short-term distraction and emphasizes the company’s potential for long-term growth. He points out that Coinbase’s agreement with Circle regarding revenue from USD Coin positions it to benefit from increased stablecoin adoption, particularly following the GENIUS Act’s enactment.
Additionally, Palmer notes Coinbase’s advancements in crypto prime brokerage, derivatives, and crypto-as-a-service offerings as key factors that could drive institutional adoption of digital assets, potentially accelerated by the CLARITY Act. The development of a ‘super app’ that integrates various crypto services and the integration of decentralized exchanges further enhance Coinbase’s competitive edge. Lastly, a significant increase in transaction revenue in July suggests a rebound in crypto activity, reinforcing Palmer’s confidence in the company’s future prospects and supporting his Buy rating with a $421 price target.
In another report released today, CMB International Securities also maintained a Buy rating on the stock with a $405.00 price target.