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Goldman Sachs Boosts Coinbase Price Target to $196 Amid Crypto Market Gains

Guavy AI Editorial Team
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Goldman Sachs has raised its price target for Coinbase Global Inc. (NASDAQ: COIN) to $196 from $173, while maintaining a buy rating on the cryptocurrency exchange's stock.

The revision reflects Goldman Sachs' view that ongoing improvements in the cryptocurrency market and growth in Coinbase's newer business lines could drive further upside.

The bank's analysts pointed to a more constructive outlook for digital assets and the exchange's expansion beyond its core spot trading business, including derivatives and prediction markets.

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