US investment bank Fitzgerald raises Coinbase's price target

US investment bank Fitzgerald has revised its target price for US cryptocurrency exchange Coinbase upward, News1 reported.
According to The Block, on the 14th (local time), Fitzgerald said, "For the next year, I will be working with Coinbase.
"We have revised our target share price upward from $253 (approximately JPY 36,500) to $292 (approximately JPY 42,000)."
Fitzgerald said, "Coinbase's role in the cryptocurrency trading market is market share.
"This will help boost Coinbase's value," he said, predicting that "investors' perception of Coinbase will change significantly from the second half of next year through 2027."
On the 13th (local time), Coinbase's stock price closed at $242.71 (approximately 35,000 yen) on the Nasdaq Stock Exchange.
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