Coinbase Is the ‘Blue Chip’ Of Crypto, Analyst Likes It On Pullback
Posted On March 7, 2025
Rosenblatt analyst Chris Brendler initiated coverage on Coinbase Global (NASDAQ:COIN) with a Buy rating and a price target of $305.
Coinbase Global is down 30% in the past month due to tariffs and political uncertainty, but Brendler noted this as a buying opportunity.
The new administration’s pro-crypto stance, including SEC reforms and broader support for digital assets, reinforced the analyst’s bullish view for 2025.
Coinbase Global remains the dominant player in crypto, with regulatory clarity now unlocking growth opportunities. The SEC lawsuit dismissal should be followed at the state level, allowing Coinbase Global to significantly expand its staking and other blockchain services.
Coinbase is shedding …
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