Cantor Fitzgerald raised its price target for Coinbase Global Inc. (COIN) to $250 from $221. The firm maintains an overweight rating on the stock. This positive outlook follows the company's continued service expansion and new strategic partnerships.
Coinbase partnered with global payments leader Nium to enable USDC stablecoin payments and settlement. Nium clients will use Coinbase infrastructure for global payouts, treasury management, and card programs. This integration expands stablecoin utility and establishes a new revenue stream for Coinbase.
The stock currently maintains a multi-day winning streak. Reports also indicate preliminary talks with Bybit to tokenize U.S. equities for international investors. These developments highlight Coinbase's ongoing global growth ambitions.