Goldman Sachs Boosts Coinbase Price Target by 13.3%

Coinbase Global's stock price surged 6.1% on Monday to $189.58, following Goldman Sachs' decision to maintain a 'Buy' rating and increase its price target by 13.3% to $196.

This upgrade represents a significant vote of confidence from one of Wall Street's most influential investment banks, suggesting that Coinbase has room for further gains as it continues to evolve its business model.

The company's market capitalization now stands at $50.0 billion, making it one of the largest publicly-traded crypto-related companies.