Wall Street Raised Coinbase and Strategy (MSTR) Targets. Only One Leaves Real Upside

Two Wall Street banks lifted their crypto stock targets on Tuesday. Goldman Sachs raised its figure on Coinbase (COIN) stock, while Canaccord Genuity did the same for Strategy (MSTR). Both kept Buy ratings.

The calls followed a run of steep gains across crypto-linked equities. Both stocks pushed higher as a broader market rally picked up speed last week.

Goldman Points to Derivatives and Prediction Markets

The bank lifted the COIN price target to $196 from $173. This works out to a roughly 13% increase. Goldman framed the case around two separate drivers rather than one.

“Buy-rated COIN offers upside optionality from any persistent improvement in the crypto backdrop, and continues to see strong idiosyncratic growth in newer businesses (including derivatives and prediction markets),” the bank said.

The stock closed at $187.16 on Tuesday, up 4.28%. This leaves the new target only about 5% above COIN’s current trading price. Goldman had carried a $235 target on COIN back in March before trimming it.

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MicroStrategy Stock Target Jumps 35%

Canaccord Genuity made a similar move on Strategy (MSTR) the same day, raising its target to $175 from $130. The $175 target sits roughly 38% above Tuesday’s close of $126.83.

“Like a breath of fresh air, the setup for MSTR has materially brightened over the last couple of weeks, in our view,” the bank noted.

Price action supports the shift in tone. MSTR has gained 34.66% since August 19, while COIN has added 27.14% over the same stretch, according to TradingView data.

The target revision marks a turn in direction, though not a full recovery. Sentiment soured through the summer. Analysts across Wall Street cut their COIN targets on July 31 after a third straight earnings miss.

Both targets now imply further upside from Tuesday’s closes. Whether analysts keep raising them may depend on whether last week’s move extends into September.

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