{"id":95256,"date":"2025-10-24T10:52:08","date_gmt":"2025-10-24T10:52:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/95256\/"},"modified":"2025-10-24T10:52:08","modified_gmt":"2025-10-24T10:52:08","slug":"jpmorgan-upgrades-coinbase-saying-the-shares-are-cheap-and-a-25-rally-is-ahead","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/95256\/","title":{"rendered":"JPMorgan upgrades Coinbase, saying the shares are cheap and a 25% rally is ahead"},"content":{"rendered":"<p>JPMorgan is coming off the sidelines when it comes to Coinbase . The bank upgraded shares of the cryptocurrency exchange to an overweight rating from neutral. It also lifted its price target to $404 per share from $342. Coinbase stock has rallied 30% this year, but the firm said it still has an attractive valuation versus competitors. JPMorgan&#8217;s revised forecast calls from an additional upside of 25% from here. COIN YTD mountain COIN YTD chart As a catalyst, analyst Kenneth Worthington pointed to Coinbase&#8217;s exploration of launching a potential Base token, which he sees as accelerating the growth of development on the Base blockchain, launched in August 2023. The market capitalization of such a token could eventually swell to between $12 billion and $34 billion, he wrote. &#8220;We see a token as a win\/ win for shareholders and cryptocurrency participants with a token driving development, increasing community participation and contributing to infrastructure buildout,&#8221; the analyst added. Another catalyst comes as Coinbase further exploring with USDC payouts in order to promote Coinbase One, its monthly subscription service. USDC is a stablecoin that is pegged to the dollar. &#8220;We see Coinbase experimenting with yields on USDC, both to drive further growth of Coinbase One, but also to better monetize on-platform USDC,&#8221; the analyst wrote. &#8220;We see Coinbase potentially driving more clients to utilize Coinbase One, which offers subscription pricing for trading as well as other benefits, including an enhanced yield on USDC.&#8221; Meantime, Worthington believes that the threat of decentralized exchanges taking away share of cryptocurrency spot trading from Coinbase has largely begun to stabilize. Coinbase&#8217;s launch of decentralized trading via Base also helps to mitigate this competitive threat, he added. JPMorgan says when applying a 50x P-E that its competitors such as Circle and Bullish have to Coinbase&#8217;s 2027 earnings estimate and including the value of the Base token, it arrives at the $404 target price. ( Learn the best 2026 strategies from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and info here . )<\/p>\n","protected":false},"excerpt":{"rendered":"JPMorgan is coming off the sidelines when it comes to Coinbase . The bank upgraded shares of the&hellip;\n","protected":false},"author":2,"featured_media":95257,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,357,9509,85,942,46,1579,1760],"class_list":{"0":"post-95256","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-business-news","10":"tag-coinbase-global-inc","11":"tag-il","12":"tag-investment-strategy","13":"tag-israel","14":"tag-jpmorgan-chase-co","15":"tag-stock-markets"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/95256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=95256"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/95256\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/95257"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=95256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=95256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=95256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}