Benchmark significantly raises its target price for Coinbase shares to $421
According to online reports, brokerage firm Benchmark said in a research report on Monday that U.S. digital asset platform Coinbase (COIN) is expected to benefit from the promulgation of the Crypto Market Structure Bill CLARITY Act proposed by the House of Representatives earlier this month, so it significantly raised its stock target price from $310 to $421 and reiterated its buy rating on the stock. Analysts believe that the promulgation of the CLARITY Act will significantly promote the development of staking, which is a good thing for Coinbase.
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