Bernstein raises Coinbase stock price target from $310 to $510

Odaily News Brokerage firm Bernstein has significantly raised its target price for Coinbase shares from $310 to $510 and reiterated its outperform rating on the stock. Bernstein said that Coinbase Exchange is the only cryptocurrency-native company in the S&P 500 index, and despite facing competitive pressure, Coinbase continues to dominate U.S. market trading while also consolidating its role as a universal cryptocurrency bank.