BofA raises Coinbase stock estimate to $203 on stablecoin revenue
Image: Crypto BriefingBank of America raised its estimate for Coinbase stock to $203 from $174 and kept its rating on the shares, according to analyst Craig Siegenthaler. The bank also lifted its 2027 and 2028 earnings estimates, citing expected stablecoin revenue after the Federal Reserve's September 2026 rate hike. Near-term forecasts were trimmed because crypto trading volumes have declined. Coinbase reported first-quarter revenue of $1.41 billion and a GAAP net loss of $394 million.
Key points
- BofA raised its 2027 and 2028 earnings estimates for Coinbase.
- Near-term Coinbase forecasts were trimmed because crypto trading volumes have declined.
Why it matters
Coinbase's outlook now leans on stablecoin revenue as trading volumes decline. For crypto markets, part of the exchange's earnings outlook is tied to interest rates and stablecoin use rather than trading activity alone.
Sources · 3 publishers
Coinpedia
Tier 3
COIN Stock: Bank of America Raises Coinbase Price Target to $203
CoinGape
Tier 2
COIN Stock Outlook as BofA Raises Target to $203 on Stablecoin Revenue Growth
Coverage timeline
- First reported by Crypto Briefing
- Also reported by Coinpedia
- CryptoVideos brief published
- 1 more publisher added to sources
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