PANews June 24 news, according to The Block, Benchmark analyst Mark Palmer has raised the target price for Coinbase (COIN) from $301 to $421 and reiterated a 'Buy' rating. Palmer believes that Coinbase is at the core of regulatory and structural changes in the cryptocurrency industry, benefiting from multiple favorable regulations and new product launches, and is expected to achieve long-term growth. The analyst also pointed out that catalysts such as the GENIUS Act, the USDC payment platform, USDC as collateral in the futures market, and the potential tokenization of stock business will drive Coinbase's future performance.
