Coinbase Stock Hits Record High Alongside Bitcoin as Analysts Highlight 'Growth Runway'

Key Points

1. Coinbase's share price reached a record high of $398.50, with a market cap surpassing $100 billion.

2. Argus Research rated COIN stock a buy with a $400 price target, highlighting its high margins and growth potential.

3. The stock has risen 60% over the past month, driven by favorable market conditions and bullish analyst ratings.

4. Coinbase's revenue grew 76.45% year-over-year, with an 85.25% gross profit margin, showcasing strong financial performance.

5. The U.S. House of Representatives is expected to pass the GENIUS Act, which could boost the stablecoin market and benefit Coinbase, which earns 50% of its revenue from stablecoins.