Standard Chartered Sets $200 Price Target for Chainlink
Standard Chartered has initiated coverage of Chainlink (LINK), setting a price target of $200 for 2030. This would represent a roughly 27-fold increase from LINK's current price around $7.47. The bank expects tokenized assets to grow from about $340 billion today to $4 trillion by the end of 2028, with Chainlink fees rising 25 times as that activity grows.
The analyst notes that Chainlink already secures more value than any other oracle network, with total value secured above $110 billion. This is roughly 70% of oracle-dependent DeFi value globally and more than 80% on Ethereum. The bank expects the rise in tokenized assets to drive growth in fees for Chainlink.
The Standard Chartered effect has already been seen in UNI, AAVE, and MORPHO, with price targets set by the bank leading to sharp repricings in those assets. However, it remains to be seen whether this pattern will repeat with LINK.