Benchmark, Coinbase target stock price significantly raised... Expecting the greatest benefit from regulatory easing

Coinbase, projected to rise further after Circle (Source: Bankrate)

American investment bank Benchmark significantly raised the target price for cryptocurrency exchange Coinbase from the previous $310 to $421. The investment opinion remains 'Buy'.

Benchmark cited the U.S. government's trend of regulatory easing and the consequent potential benefits for Coinbase as the main reasons for this upward revision. It particularly analyzed that the recent passage of the Stablecoin Regulatory Act 'GENIUS' by the Senate has stimulated investor confidence and acted as a catalyst for the rise in Coinbase's stock price.

Benchmark forecasts that “Coinbase has the structure that reacts most sensitively to regulatory clarity” and “if further legislative action concerning digital assets materializes beyond the GENIUS Act, Coinbase will reap the greatest benefits at its center.”

This analysis coincides with the judgment that the cryptocurrency market has entered a phase of incorporation into the institutional sphere, reflecting the expectation that Coinbase can establish itself as a regulatory-friendly digital financial platform beyond a mere exchange.