Coinbase receives a positive cryptocurrency rating from a major financial institution: growth forecast up to $340

A major American bank has revised its stance on Coinbase, giving the exchange a "Buy" rating with a target price of $340. This decision reflects increased confidence in the platform's recovery and development prospects.

**Why the crypto exchange rating has changed**

The reassessment of the cryptocurrency rating is based on Coinbase's aggressive diversification of its offerings. The company is actively expanding its ecosystem by adding new asset classes and financial instruments. Notably, expansion in the segments of stocks, ETFs, and prediction markets, which allows attracting a broader range of investors.

An important factor is the revaluation of the company's worth. After a decline in quotes of about 40% from July's highs, the price/earnings ratio has decreased by 40% compared to mid-2024 levels, making the shares more attractive from a fundamental value perspective.

**Key growth drivers**

The secondary network Base is considered a strategic asset of the platform. Its development could significantly accelerate the integration of crypto technologies into mainstream. Coinbase's Tokenize initiative, aimed at tokenizing real assets, opens a new market segment with enormous potential.

Analysts forecast that with the implementation of these plans, the growth in stock value could reach 38% from current levels. Such prospects confirm that Coinbase maintains its position as an industry leader and will continue to gain influence by 2026.