{"id":26804,"date":"2025-05-14T18:16:41","date_gmt":"2025-05-14T18:16:41","guid":{"rendered":"https:\/\/dogewisperer.com\/coinbase-becomes-first-pure-play-crypto-stock-in-sp-500-analyst-sees-major-institutional-upside\/"},"modified":"2025-05-14T18:16:41","modified_gmt":"2025-05-14T18:16:41","slug":"coinbase-becomes-first-pure-play-crypto-stock-in-sp-500-analyst-sees-major-institutional-upside","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=26804","title":{"rendered":"Coinbase Becomes First Pure-Play Crypto Stock In S&amp;P 500, Analyst Sees Major Institutional Upside"},"content":{"rendered":"<div>\n<p>Rosenblatt analyst <strong>Chris Brendler<\/strong> maintained <strong>Coinbase Global Inc <\/strong>(NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/COIN#NASDAQ\">COIN<\/a>) with a Buy and raised the <a href=\"https:\/\/www.benzinga.com\/quote\/COIN\/analyst-ratings\" target=\"_blank\" rel=\"noreferrer noopener\">price target from\u00a0$260\u00a0to\u00a0$300<\/a> on Wednesday.<\/p>\n<p>Coinbase shares are up 30% over the past week versus a 6% move in Bitcoin and 5% in the S&amp;P 500 Index after the news was announced about the company <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/05\/45365186\/coinbase-stock-jumps-nearly-11-after-hours-monday-heres-why\">joining on May 19.<\/a><\/p>\n<p>Although <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/news\/earnings\/25\/05\/45302422\/coinbase-q1-earnings-highlights-revenue-eps-miss-2025\" rel=\"noreferrer noopener\">first-quarter earnings<\/a> were solid given market conditions, the catalysts for the move are much more about the addition to the S&amp;P 500 as the stock was up 24% Monday in the wake of the announcement after the market close on Tuesday.<\/p>\n<p><strong>Also Read:<\/strong> <a href=\"https:\/\/www.benzinga.com\/analyst-ratings\/analyst-color\/25\/05\/45355405\/coinbases-subscription-gains-deribit-acquisition-blockchain-revenue-strength-prompt-analyst-support\" target=\"_blank\" rel=\"noreferrer noopener\">Coinbase\u2019s Subscription Gains, Deribit Acquisition, Blockchain Revenue Strength Prompt Analyst Support<\/a><\/p>\n<p>While it\u2019s not uncommon to see stocks rise on this type of news, &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/analyst-ratings\/price-target\/25\/05\/45416971\/coinbase-becomes-first-pure-play-crypto-stock-in-sp-500-analyst-sees-major-instituti\" alt=\"Coinbase\" becomes first pure-play crypto stock in s analyst sees major institutional upside>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Rosenblatt analyst Chris Brendler maintained Coinbase Global Inc (NASDAQ:COIN) with a Buy and raised the price target from\u00a0$260\u00a0to\u00a0$300 on Wednesday. Coinbase shares are up 30% over the past week versus a 6% move in Bitcoin and 5% in the S&amp;P 500 Index after the news was announced about the company joining on May 19. Although [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-26804","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26804"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26804\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}