H.C. Wainwright Turns Bullish on Coinbase, Double Upgrades Stock to "Buy" Ahead of Earnings

Investment bank H.C. Wainwrigh t has significantly boosted its outlook on Coinbase (COIN), issuing a double upgrade to "Buy" from "Sell" and setting a new price target of $425, up from $300. This optimistic shift comes just before Coinbase's third-quarter earnings report, with analysts citing a bullish outlook for cryptocurrency prices, increasing institutional demand, and favorable regulatory momentum as key drivers.