Goldman Sachs raised Coinbase price target to $196 on crypto market recovery and derivatives growth; Canaccord lifted MicroStrategy target to $175.
Macro & Markets ·
Goldman Sachs elevated its Coinbase price target to $196, up from $173, while keeping its Buy rating intact. The adjustment reflects expectations of sustained crypto market recovery and expansion in derivatives and prediction markets. In parallel, Canaccord raised its MicroStrategy target to $175 from $130 and maintained a Buy rating, noting material improvement in setup over recent weeks. Additional upgrades were issued by Raymond James on AMD to Strong Buy status, while Bank of America maintained positive stances on Nvidia, Micron, and Marvell, among other names receiving rating increases.
The moves signal analyst confidence in near-term momentum for both the broader crypto sector and specific equities tied to digital asset exposure. Coinbase's price target lift hinges on two streams: macro recovery in cryptocurrency valuations and company-specific tailwinds from newer revenue verticals. MicroStrategy's upgraded outlook reflects shifting market conditions rather than company-specific announcements in the immediate period.
It remains unclear whether these ratings will prove prescient or whether further fundamental catalysts will emerge to sustain the bullish positioning.