Citi raised the firm’s price target on Coinbase (COIN) to $350 from $275 and keeps a Buy rating on the shares. The firm maintained its Bullish thesis on the stock, seeing the company well positioned to benefit as crypto begins a potential transition into a new area. Not unlike in the past, Citi expects the stock to remain as a “risk-on” play throughout 2025 and will likely remain volatile around macro developments/sentiment swings. Old policy will take time to untangle, the analyst tells investors in a research note, though the firm is hopeful for Stablecoin reform in mid-2025.
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