Bank of America upgraded Coinbase to “Buy,” keeping the price target at $340 per share. Analysts highlighted the exchange’s position as a leader in tokenization and its growth potential thanks to Base, the company’s proprietary blockchain.
The exchange launched Coinbase Tokenize, which allows asset managers to issue, custody, and comply with regulations while accessing the platform’s large client base. Tokenization currently covers stocks and ETFs and could expand to real estate and private companies. Bank of America noted that a native token for Base could be launched if U.S. legislation permits.
The recent pace of product launches improves Coinbase’s outlook versus competitors, although analysts warned that Binance’s U.S. expansion could constrain growth. Coinbase aims to scale its stablecoins and global on-chain adoption in 2026, integrating trading products and prediction markets into its ecosystem
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