Coinbase Stock Surges to $190 as Crypto Market Rally Continues

Coinbase's stock price surged to an intraday high of $190.23 on Friday, marking a 10.4% gain from Thursday's close.

The move was fueled by a broad cryptocurrency rally and improved risk appetite in the market, driven in part by the U.S. Treasury's announcement that it would double buyback sizes for longer-duration government debt.

DBS analysts maintain a $200 target on Coinbase stock, while Bernstein analysts have reiterated Buy ratings with $330 price targets.