Cantor Fitzgerald raises Coinbase price target to $212, keeps overweight

Wall Street investment bank Cantor Fitzgerald raised its price target on Coinbase to $212 from $184 and maintained its overweight rating. Cantor Fitzgerald said the broader crypto ecosystem has been recovering in value, with BTC recently rising to $80,000, and described Coinbase, a U.S. regulation-compliant exchange, as one of the key investment names for institutional investors. The bank added that if BTC’s strength persists, investors’ risk appetite will continue to support Coinbase’s corporate value.