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Cantor Fitzgerald Bullish on Coinbase Shares, Eyes on Base Chain and USDC

2025/04/09 10:37 (Updated 2025/04/09 15:01)
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Written by L.kikutani
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Cantor Fitzgerald Bullish on Coinbase Shares, Eyes on Base Chain and USDC
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Table of Contents

  1. Still underrated?

Still underrated?

On April 8, analysts at Cantor Fitzgerald, a major U.S. financial institution, initiated an "overweight (buy)" rating on cryptocurrency exchange Coinbase and set a target price of $245. According to a report obtained by The Block and Decrypt, the analysts point out that the company's stablecoin partnership with Circle and its own Ethereum L2 network "Base" are being overlooked in Wall Street's valuation.

"These business segments are helping transform COIN (Coinbase stock) from a mere cyclical cryptocurrency trading platform into an essential infrastructure layer in the cryptocurrency economy..."

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