巴克莱 Coinbase (COIN) PT 从 220 美元下调至 212 美元

巴克莱分析师 Benjamin Budish 将 Coinbase Global (COIN) 的目标股价从 358 美元下调至 334 美元，并维持该股的跑赢大盘评级。

opco lowered its price target on Coinbase Global (NASDAQ:COIN) to $334 from $358, and maintained an Outperform rating on the shares.

Opco 将 Coinbase Global（纳斯达克股票代码：COIN）的目标股价从 358 美元下调至 334 美元，并维持该股优于大盘的评级。

The firm noted that the selloff in Coinbase shares since late December presents a buying opportunity. It predicts Q4 will be a “very good” quarter, and sees upward earnings-estimate revisions for the out years, and potential for S&P 500 inclusion in 2025.

该公司指出，自 12 月底以来 Coinbase 股票的抛售提供了买入机会。它预测第四季度将是一个“非常好的”季度，并预计未来几年的盈利预测将上调，并有可能在 2025 年纳入标准普尔 500 指数。

In addition, the analyst expects regulatory clarity under a “pro-crypto” President Trump. As a leading, focused crypto player with “optionality” in Web3 payment use case, Coinbase shares are a “bargain,” trading at a discount to Robinhood (NASDAQ:HOOD). Opco believes both core earnings growth and multiple expansion can drive alpha for Coinbase.

此外，分析师预计，在“支持加密货币”的特朗普总统领导下，监管将会更加清晰。作为在 Web3 支付用例中具有“选择性”的领先、专注的加密货币玩家，Coinbase 的股票很“便宜”，其交易价格低于 Robinhood（纳斯达克股票代码：HOOD）。 Opco 认为核心盈利增长和倍数扩张都可以推动 Coinbase 的阿尔法收益。

While it reduced estimates, the firm believes higher trading volume, increased token prices, and regulatory clarity will drive higher Street estimates for 2025 and 2026.

尽管降低了预期，但该公司认为交易量的增加、代币价格的上涨以及监管的明确性将推动华尔街对 2025 年和 2026 年的预期更高。