Coinbase Stock Set to Soar? Rosenblatt Hikes Target to $470 Amid Crypto Boom

July 17, 2025: Coinbase stock (NASDAQ: COIN) just got a major Wall Street vote of confidence. Rosenblatt has raised its price target on the crypto exchange giant from $300 to $470 while maintaining a “Buy” rating. Currently trading at $398.20, Coinbase stock boasts a market cap north of $101 billion, according to InvestingPro data.

Rosenblatt credits the surge in Bitcoin prices and a favorable political landscape for boosting Coinbase’s stock, which is up 60% year-to-date. It’s now trading just 1% below its 52-week high of $405.88. The firm also pointed to Coinbase’s addition to the S&P 500 and its reputation as the “blue-chip” of crypto stocks as key factors behind its strong performance.

Also Read: XRP Price USD Surges Past $3—Is the Crypto Set for a Bigger Breakout?

Recent rebounds in trading volume and renewed stablecoin growth suggest even more upside potential, according to Rosenblatt. They also expressed optimism over Coinbase’s fast-paced product expansion, which could drive future earnings and valuation multiples.

Despite the impressive rally, the stock is still trading at 24x projected 2026 EBITDA—a level Rosenblatt considers reasonable given Coinbase’s growth story. InvestingPro also highlights strong financial health, though it notes COIN is currently trading above fair value with a P/E ratio of 68.65.

Other analysts are also weighing in:

• Compass Point raised its target to $330, citing Coinbase’s integration with decentralized exchanges (DEX).
• Argus initiated coverage with a $400 target and a Buy rating, praising its growth trajectory and S&P 500 inclusion.
• Citizens JMP slightly lowered its target to $400 from $475 but still sees Coinbase as a strong long-term play.

Coinbase continues to expand aggressively in 2025. It recently acquired the leadership team from Opyn, a blockchain derivatives platform, marking its sixth acquisition of the year. The company is also enhancing its AI capabilities through a partnership with Perplexity AI, integrating real-time crypto data into Perplexity’s new Comet browser and upcoming AI interfaces.

With momentum building across the board, Coinbase is positioning itself not just as a trading platform, but as a key innovator in the future of finance.