Coinbase target rises to $180, fueled by geopolitical trading spikes

Piper Sandler raised the price target for Coinbase Global (COIN) to $180 from $150. The firm maintained its Neutral rating on the shares.

Analysts attributed the revision to elevated futures trading volumes. Geopolitical instability related to the Iran War is driving increased activity across energy, commodities, and crypto exchanges.

Coinbase shares gained over 4% in morning trading following the report.

The stock currently trades above the new $180 target. Piper Sandler characterized the update as a valuation catch-up rather than a signal for further upside.