Crypto
Cantor Fitzgerald Raises Coinbase Price Target to $212 Amid Crypto Momentum
Cantor Fitzgerald has raised its price target for Coinbase Global Inc. to $212 from $184, citing momentum in the crypto market.
The firm's updated model reflects management commentary and third-quarter 2026 guidance, which includes subscription and services revenue of approximately $500 million to $580 million.
Bitcoin crossing the $80,000 threshold has led to an expansion in market multiples across the cryptocurrency ecosystem.
Cantor Fitzgerald analyst Ramsey El-Assal issued the updated target based on 19 times the firm's calendar year 2027 adjusted EBITDA estimate of $2.68 billion plus a discounted cash flow analysis.