TipRanks
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Rosenblatt came away from Coinbase’s (COIN) annual summit optimistic about the industry and the company’s growth potential. With significant changes in the political landscape, the “benefits will be far greater than expected” and the current rally in crypto prices “is just getting started,” the analyst tells investors in a research note. For Coinbase, the firm thinks reduced regulatory scrutiny will help accelerate the company’s product expansion beyond trading. Coinbase at its summit “not disappoint with several new announcements including new initiatives in payments and lending,” contends Rosenblatt. The firm, however, reduced near-term earnings estimates with 2Q25 trading volumes remaining “subdued.” Given the “strong macro backdrop and regulatory tailwinds,” it sees “this lull as a buying opportunity.” Rosenblatt keeps a Buy rating on Coinbase with a $300 price target
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