Rothschild investment bank upgrades Coinbase rating to "Buy," target price raised to $320

ChainCatcher news, according to CNBC, investment bank Rothschild & Co. has upgraded the stock rating of cryptocurrency exchange Coinbase (COIN) from "neutral" to "buy," and raised its target price to $320.

Rothschild noted in the report that the main reason for the rating upgrade is the optimistic outlook on the accelerating growth of cryptocurrency applications and adoption in the traditional financial sector. Analysts believe that with increasing institutional demand and the development of trends such as tokenization, Coinbase, as a regulated industry leader, will be a major beneficiary of this trend.