Morgan Stanley Puts Coinbase in Its Sights with $250 Price Target
Morgan Stanley has initiated coverage on Coinbase (COIN.US), setting a price target of $250 for the crypto exchange.
This implies an upside of approximately 43% from its current value, according to analysts at Morgan Stanley.
The bank's decision to cover Coinbase is likely due to the platform's expansion beyond cryptocurrency trading, which has been gaining traction in recent times.