Deutsche Bank predicts 40% surge for tumbling crypto stock

Group 1 - Deutsche Bank has initiated coverage of Coinbase and raised its price target by nearly 40% to $340, despite the stock's poor performance amid market conditions [1][7] - Coinbase, founded in 2012, is the largest crypto trading exchange in the U.S. and went public in 2021, joining the S&P 500 index in May 2025 [2] - The company's stock is nearly flat year-to-date, trading at $245.83 at the time of the report [2] Group 2 - Deutsche Bank has granted Coinbase a "Buy" rating, banking on its "Everything Exchange" strategy, which aims to allow users to trade various assets on a single platform [3][5] - During Q3 2025, Coinbase reported revenue of $1.86 billion and earnings per share (EPS) of $1.5, exceeding estimates [4] - Deutsche Bank noted that 2025 was a significant investment year for Coinbase, with expectations for scaling investments in 2026 [6]