Cantor Fitzgerald Raises Coinbase Price Target to $212 Amid Crypto Boom

Cantor Fitzgerald has raised its price target for Coinbase Global Inc. (COIN) to $212 from $184, citing recent momentum in the cryptocurrency market.

The update comes as Bitcoin (BTC) has crossed the $80,000 threshold in recent weeks, leading to an expansion of market multiples across the ecosystem.

Cantor Fitzgerald analyst Ramsey El-Assal issued the new target based on 19 times the firm's calendar year 2027 adjusted EBITDA estimate of $2.68 billion plus a discounted cash flow analysis.