Coinbase Receives Bullish ’Buy’ Rating from Benchmark with $252 Price Target

Benchmark analyst Mark Palmer has initiated coverage of Coinbase Global Inc. with a buy rating and a $252 price target, surpassing Cantor Fitzgerald’s recent $245 target. This bullish outlook comes as Coinbase’s shares, which traded near $165 in early April, now hover around $197 amid growing institutional confidence. Palmer highlights Coinbase’s strategic alliance with Circle Internet Financial as a key driver for the positive sentiment. The cryptocurrency exchange continues to strengthen its position in the market, attracting attention from investors and analysts alike. As of April 2025, Coinbase remains a focal point in the crypto space, with its partnerships and institutional backing fueling optimism for its future growth.

Analyst Gives Coinbase ’Buy’ Rating with $252 Price Target

Benchmark analyst Mark Palmer has initiated coverage of Coinbase Global Inc. with a bullish outlook, assigning a buy rating and a $252 price target—surpassing Cantor Fitzgerald’s recent $245 target. The cryptocurrency exchange’s shares, which traded near $165 in early April, now hover around $197 amid growing institutional confidence. Palmer highlights Coinbase’s strategic alliance with Circle Internet Financial, which entitles the exchange to a share of interest income generated by USDC reserves. The partnership underscores Coinbase’s expanding revenue streams beyond transactional trading fees, positioning it as a beneficiary of stablecoin adoption. market sentiment toward crypto-native firms appears to be thawing after a prolonged winter, with analysts increasingly factoring off-balance-sheet opportunities into valuations. "The USDC arrangement transforms idle reserves into a recurring yield engine," noted one trader familiar with the mechanics. This coverage initiation follows Coinbase’s 90% stock surge year-to-date, outpacing Bitcoin’s 60% rally over the same period.

Riot Platforms Secures $100M Credit Facility from Coinbase

Riot Platforms, a Nasdaq-listed Bitcoin mining company, has secured a $100 million credit facility from Coinbase Credit, the lending division of the U.S. cryptocurrency exchange. The loan, collateralized by a portion of Riot’s Bitcoin reserves, will fund strategic growth initiatives without diluting shareholder equity. "This facility offers non-dilutive capital at a competitive rate," said CEO Jason Les, underscoring the deal’s financial efficiency. The arrangement highlights the growing convergence of traditional finance and crypto-native lending solutions as institutional players leverage digital assets for liquidity. Bitcoin-backed loans, once niche, are gaining traction among public miners seeking flexible financing amid volatile market conditions.