Coinbase Initiated At Buy By BTIG With $410 Price Target

Group 1 - BTIG initiated coverage of Coinbase Global Inc. with a Buy rating and a $410.00 price target, emphasizing its role as a leading crypto trading platform and a bridge between traditional finance and decentralized finance [1] - Analysts noted that Coinbase is investing in key areas to create a growth flywheel between its core trading business and digital asset applications, highlighting the scaling derivatives segment and Base App as underappreciated growth drivers [1] Group 2 - Continued adoption of USDC stablecoin is identified as a long-term revenue opportunity for Coinbase [2] - Coinbase is described as one of the most trusted names in crypto, well positioned to innovate and diversify its business for sustained growth [2]