Story perspectives

Bank of America Upgrades Coinbase Amid Market Caution

1/11/2026

Summary

Story summary

Bank of America Corp. upgrades Coinbase Global, Inc. to Buy with a $340 target, citing faster product velocity and an addressable market.
Despite a 40% drop since July, the firm sees upside in tokenizing real-world assets and prediction markets.
Brian Armstrong, Coinbase CEO, sold 40,000 shares under a preset plan.
Investors remain cautious about Coinbase's crypto-trading emphasis as it expands into stock trading and event contracts, as earnings reveal activity.

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Story summary

Bank of America Corp. upgrades Coinbase Global, Inc. to Buy with a $340 target, citing faster product velocity and an addressable market.
Despite a 40% drop since July, the firm sees upside in tokenizing real-world assets and prediction markets.
Brian Armstrong, Coinbase CEO, sold 40,000 shares under a preset plan.
Investors remain cautious about Coinbase's crypto-trading emphasis as it expands into stock trading and event contracts, as earnings reveal activity.