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<Research>BofAS Upgrades Coinbase (COIN.US) to Buy w/ TP US$340
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BofA Securities released a research report upgrading Coinbase (COIN.US) from Neutral to Buy. Although its share price has fallen about 40% from its high in July 2025, the Company's product development pace actually accelerated beneath the surface of 4Q25 cryptocurrency adjustment, and the simultaneously expanded total target market. The broker was optimistic about Coinbase's ambition to develop into an 'universal exchange' and its goal to cross-sell more products to existing users. Coinbase's stock valuation has become cheaper, while short interest has increased, with the current short sell ratio doubling YoY, BofA Securities added. Its PE ratio valuation multiple decreased by about 40% from that in July-October 2025. Therefore, the broker kept its target price at US$340 unchanged, equivalent to a projected PE ratio of 35x for 2028, with a potential upside of about 38%. AASTOCKS Financial News Website: www.aastocks.com |
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