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Coinbase shares surge over 3% to a 52‑week high, Bernstein lifts target to $510 citing stablecoin revenue and new services.
Coinbase (NASDAQ:COIN) jumped more than 3% on Wednesday to hit a 52‑week high, prompting Bernstein analysts to raise their price target to $510 from $310 as the exchange expands into custody, blockchain services and lending【1】.
| At a glance | |
|---|---|
| Price | $369 (52‑week high) |
| 24h % Move | +3% |
| New Target | $510 (up from $310) |
| Catalyst | Bernstein’s “Amazon of crypto” rating and stablecoin revenue boost |
Bernstein’s Gautam Chhugani called Coinbase “the most misunderstood company” in crypto coverage and likened its suite of services to an “Amazon of crypto financial services,” noting the addition of institutional custody, the Base blockchain, and a Prime lending desk【1】. The firm highlighted Coinbase’s dominant role as the sole crypto exchange in the S&P 500, its large stablecoin business, and its custodial position for most U.S. spot‑bitcoin ETFs, all of which underpin the upgraded target price【1】.
Coinbase’s share price has risen more than 40% since the Senate passed the GENIUS Act, which establishes a federal framework for stablecoins—a key revenue driver for the exchange【1】. The broader crypto‑related equity sector has also rallied, with Circle’s USDC issuer up over 600% since its June IPO and Robinhood up 126% YTD【1】. Analysts note that traditional brokerage competition remains months away, giving Coinbase a temporal advantage in the crypto market【1】.
Bernstein’s new $510 target reflects expectations of continued stablecoin revenue growth and expanding infrastructure services. Zacks analysts have a median target of $275, but Bernstein’s street‑high of $510 sets a new ceiling for upside potential【2】. Despite the bullish outlook, Coinbase’s stock still trades well below its 2021 peak of $444.64, indicating room for further appreciation if crypto volumes and stablecoin adoption sustain【3】.
The rally underscores how market sentiment and regulatory clarity can rapidly shift Coinbase’s valuation, but the stock’s future hinges on whether crypto trading volumes and stablecoin adoption continue to grow.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 4 outlets · Jul 11, 2026 · How we report
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