Cantor Fitzgerald Boosts Coinbase Price Target to $212 Amid Crypto Market Recovery

Cantor Fitzgerald, a Wall Street investment bank, has increased its price target for Coinbase Global Inc. to $212 from $184, while maintaining an overweight rating on the cryptocurrency exchange.

The adjustment reflects a broader recovery in the digital asset market, with Bitcoin recently climbing to $80,000.

Coinbase's stock has been sensitive to cryptocurrency price movements, as its trading volumes and transaction revenue are closely tied to market activity.

Cantor Fitzgerald's analysts noted that if Bitcoin's strength persists, increased investor risk appetite could continue to support Coinbase's valuation.