Cantor Fitzgerald initiated coverage of Coincheck (CNCK) with an Overweight rating and $10 price target Coincheck, a Japanese cryptocurrency exchange that currently only serves the Japanese market, is “interesting” at current levels as the firm expects Japan to enact more favorable tax laws for digital assets, which should help crypto adoption rates approach more-matured markets like the U.S., the analyst tells investors in a research note. Cantor believes the crypto bull market should last into mid-2026, and while some de-SPAC overhang might weigh on shares over the near-term, the risk/reward is favorable at current prices.
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