Goldman Sachs upgraded Coinbase stock to โBuyโ on January 5, 2026, amid diversification into stable revenue streams like custody and prime brokerage.
The upgrade suggests growing investor confidence in Coinbaseโs strategy, impacting short-term market sentiment as COINโs stock shows a positive reaction.
Goldman Sachs raised its rating for Coinbase stock from โNeutralโ to โBuyโ on January 5, 2026. The 12-month price target increased from $294 to $303, due to Coinbaseโs diversification efforts.
The upgrade was led by analyst James Yaro, who highlighted Coinbaseโs focus on stable revenue streams like custody and staking. These streams now constitute nearly 40% of the projected 2025 revenue.
โWe believe Coinbaseโs diversification into stable revenue streams like custody, stablecoins, staking, and prime brokerage now comprise nearly 40% of estimated 2025 revenueโ โ James Yaro, Analyst, Goldman Sachs: Finviz
Goldman Sachs Raises Coinbase Target Price to $303
Coinbase Stock Trading Surges to $253.72 Post-Upgrade
Following the upgrade, Coinbaseโs stock saw a significant rise, trading between $246 and $253.72. This marks a potential 28% upside to the new target price of $303.
Insights from James Yaro predict that Coinbaseโs market share gains will persist. The analyst anticipates an annual growth rate of 13% from 2025 to 2027, emphasizing the companyโs increasing subscription and services revenue.
Analyst Sees Parallels with Prior Coinbase Praise
This event is reminiscent of Coinbaseโs previous analyst praises, such as Clear Street naming it a 2026 fintech idea. The stock increased 4.3% after Armstrongโs 2026 roadmap announcement.
Kanalcoin expert insights point to the continuing strength in Coinbaseโs diversification strategy, aligning with past growth patterns. Historical data suggests that these efforts may mitigate revenue volatility.
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