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Deutsche Bank initiated coverage of Coinbase (ticker COIN) with a buy rating and a $340 price target, implying roughly 40% upside from current levels as the crypto exchange pushes further into what it has described as an “everything exchange.”
- Derivatives and stablecoins are expected to take a growing share of revenue as Coinbase broadens beyond spot crypto trading.
- Analysts said recent share-price weakness has left Coinbase undervaluing earnings contributions from newer products set to launch in 2026.
Coinbase executives began outlining the vision earlier this summer, pitching a one-stop, onchain platform for trading assets ranging from cryptocurrencies to tokenized stocks and prediction markets.
Deutsche Bank said that strategy is now moving from concept to execution, with product launches expected to materially expand the company’s addressable markets over time.
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