- JPMorgan upgrades Coinbase, expecting a 25% stock rise despite the 30% year-to-date increase.
- Forecasted target price for Coinbase is $404.
- Analysts highlight opportunity in Base token and USDC expansion.
JPMorgan upgraded Coinbase’s stock from Neutral to Overweight, increasing the price target to $404, indicating a strategic shift as reported by CNBC on October 24, 2025.
Coinbase’s valuation, perceived competitive edge, and new initiatives, like expanded USD Coin payouts, drive expectations of increased institutional interest and stock value.
JPMorgan Projects 25% Upside for Coinbase Stock
JPMorgan’s decision to upgrade Coinbase’s rating follows positive market traction and the company’s role as a major US cryptocurrency exchange. The bank’s analysts noted Coinbase’s competitive valuation and its initiatives like expanding USD Coin (USDC) payouts and exploring a Base token. These measures position the company for potential growth.
JPMorgan’s analysis foresees significant stock appreciation, setting a new target price for Coinbase at $404. This reflects expectations of enhanced monetization opportunities and reduced risks compared to peers.
Following the announcement, no official comments on the upgrade were available from Coinbase leadership on their social media or official blog platforms. The market has shown interest, evidenced by stable liquidity across major assets such as Bitcoin and Ethereum on the exchange.
Coinbase’s Strategic Moves Align with Market Growth
Did you know? In a similar instance last year, Coinbase’s stock rose approximately 20% following BlackRock’s Bitcoin ETF filing, showcasing how strategic partnerships can lead to rapid price increases.
According to CoinMarketCap, Bitcoin (BTC) is currently priced at $111,157.77, with a market cap of $2.22 trillion, reflecting a 59.18% market dominance as of 11:00 UTC on October 24, 2025. The 24-hour trading volume shows a decrease of 31.29%, despite a 1.55% price rise in the past day.
Coincu research highlights potential regulatory and technological outcomes from Coinbase’s exploration of Base tokens and expanded USDC use. These developments might influence Coinbase’s stock positively, aligning with market trends and strategic objectives.
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Source: https://coincu.com/markets/jpmorgan-boosts-coinbase-stock/