Goldman Sachs upgraded Coinbase's rating to "Buy," raising the 12-month target price to $303.

Techub News reports that Goldman Sachs has upgraded its rating for cryptocurrency exchange Coinbase's stock from "Neutral" to "Buy," and raised the 12-month target price from $294 to $303. Analyst James Yaro noted that Coinbase's subscription and services business (including custody, stablecoins, staking, prime brokerage, etc.) has seen its revenue share increase from less than 5% in 2020 to approximately 40% by 2025. He also projected that this segment will maintain an annual growth rate of about 13% from 2025 to 2027, thereby reducing earnings volatility.