Coinbase price target raised to $355 from $204 at Barclays

Barclays raised the firm’s price target on Coinbase (COIN) to $355 from $204 and keeps an Equal Weight rating on the shares. The macro backdrop looks constructive going into 2025 for the brokers, asset managers and exchanges, the analyst tells investors in a research note. The firm is increasingly constructive on the alternative asset managers, where an “unleash” of transacting has been growing and looks set to happen, and brokers, where it sees healthy earnings growth opportunities.