Bank of America raised its price target for Coinbase (COIN) stock to $203 from $174 while maintaining a Buy rating. The bank also raised its 2027 and 2028 earnings estimates, expecting higher revenue from USDC reserves after the Federal Reserve’s September rate hike. Coinbase’s near-term outlook remains weaker due to lower trading volumes. Still, BofA expects stablecoin revenue to support future earnings growth.

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