Citi raised the firm’s price target on Coinbase (COIN) to $505 from $270 and keeps a Buy rating on the shares. The firm believes the company’s momentum is “just getting started” with the signing of the Genius Act, House passage of the Clarity Act, and inclusion to the S&P 500 Index. Citi sees additional upside in the shares from Coinbase’s new futures and its leadership in the regulated era of crypto.
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