Coinbase Stock Jumps After JPMorgan Upgrade on Base and USDC Strategy

TLDR Coinbase stock surged after JPMorgan upgraded its rating to “Overweight” and raised its price target to $404 per share. JPMorgan highlighted Coinbase’s Base layer-2 blockchain as a major growth opportunity with a potential $12 billion to $34 billion market. The bank noted that Coinbase’s USDC rewards program changes could boost annual earnings by $374 [...]

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