Goldman Sachs Upgrades Coinbase Stock With $303 Price Target


Shares of #Coinbase jumped 8% Monday after Goldman Sachs raised its rating on the exchange to Buy from Neutral, citing diversification beyond trading operations. The investment bank increased its 12-month price target from $294 to $303 per share, representing potential 18% upside from current levels around $254.92.


Goldman Sachs analyst James Yaro stated the firm holds selective optimism about U.S. brokers and structurally growing crypto infrastructure businesses. The report highlighted Coinbase's expansion into tokenization, prediction markets, and broader financial services as key factors supporting the upgrade. Yaro emphasized that infrastructure plays offer more sustainable growth than trading-dependent business models.


$COIN closed Monday's session at $254.92, with minimal after-hours movement. The #stock has faced pressure over the past year, but Goldman's endorsement signals renewed institutional confidence in the company's strategic direction. Yaro's research track record shows a 62% success rate with average annual returns approaching 16%.


The upgrade arrives as Coinbase pursues what CEO Brian Armstrong calls an "everything exchange" strategy. Armstrong recently outlined plans prioritizing #stablecoins, expanded exchange services, and development of the Ethereum layer-2 network Base throughout 2026. The company has integrated prediction markets through a partnership with Kalshi, capitalizing on one of 2024's fastest-growing crypto sectors.


Yaro's base case anticipates further regulatory reform that would catalyze broader crypto adoption, particularly among institutions whose participation has remained limited. He specifically referenced Congress's draft crypto market structure bill as critical to ecosystem growth. The analyst cautioned that failure to pass this legislation could present substantial headwinds for the industry.

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January 06, 2026 at 12:56 PM