Clear Street analyst: Coinbase listed as one of the top three fintech targets for 2026.

According to Odaily, Clear Street analyst Owen Lau, in his latest forward-looking report, has listed Coinbase as one of the top three most promising fintech stocks for 2026, alongside Nasdaq (NDAQ) and S&P Global (SPGI). Lau believes that Coinbase is central to the transformation towards blockchain financial infrastructure and is one of the companies most likely to benefit from the adoption of blockchain applications and clearer regulations.

Lau maintains a "buy" rating on Coinbase with a 12-month price target of $415. He points out that Coinbase's revenue structure is gradually diversifying, with subscription services, stablecoins, and on-chain financial services accounting for a larger share, which helps reduce its reliance on spot trading volatility. Its investments in tokenization, payments, and derivatives are also expected to enhance its ability to weather economic cycles.

USDC is considered a key growth engine. Circle co-operates with Coinbase on USDC, with Coinbase receiving approximately 50% of Circle's USDC revenue. However, Coinbase's current valuation is still below Circle's earnings expectations. Lau also mentioned potential catalysts for 2026 including the structural reforms of the US crypto market and the advancement of stablecoin-related legislation, as well as Coinbase's expansion in prediction markets, "super apps," and AI financial tools.

Lau views 2026 as a "transition year" for crypto stocks, with market focus shifting from trading volume to real adoption. He believes Coinbase has a clear advantage thanks to its strong balance sheet, international presence, and diversified product line. (CoinDesk)