Wall Street Ups Coinbase and MicroStrategy Targets Amid Crypto Rally

Goldman Sachs and Canaccord Genuity have lifted their price targets for Coinbase (COIN) and Strategy (MSTR), respectively. The moves follow a recent surge in crypto-linked equities.

Goldman raised its COIN target to $196 from $173, representing a 13% increase. The bank cited 'strong idiosyncratic growth' in newer businesses, including derivatives and prediction markets.

COIN's current trading price is around $187.16, leaving the new target just about 5% above its current value.

Canaccord Genuity also increased its MSTR target to $175 from $130, a roughly 38% boost above Tuesday's close of $126.83.