Coinbase Stock Could Skyrocket to $400 Billion, Says Analyst

Crypto investor Will Clemente has forecasted that Coinbase stock could reach a valuation of $400 billion, suggesting a potential sevenfold increase from its current levels.

Coinbase, one of the leading centralized crypto exchanges, stands alongside other major players like Binance, Bybit, and Kraken. Despite an upward trend in Coinbase stock (COIN) since January 2023, the company’s shares are still over 30% below their initial public offering price. Presently, COIN is trading at around $222, and Clemente believes that the shares have the potential to rise to $1,700 by the end of the crypto cycle.

My price target for Coinbase this cycle is $400 billion market cap or roughly $1,700/share, although I’ll probably be out of my calls before then because of theta decay. Eventually one day COIN will likely become a trillion-dollar business if they continue to execute IMO.

According to Clemente, the possibility for COIN to surge largely hinges on significant regulatory changes in the U.S. “Without that, $750-$1,000 seems more reasonable,” Clemente noted, while expressing confidence that such changes will eventually take place on Capitol Hill.

Should this regulatory shift occur, Coinbase would be strategically positioned as America’s leading crypto exchange. This position is further reinforced by government support, as the U.S. government utilizes Coinbase as its preferred digital asset brokerage service.

The company also features an Ethereum-based layer-2 scaling solution called Base and is the first publicly traded company to operate its blockchain network. Given the close integration between Base, Coinbase Wallet, and Circle’s USDC token, especially with potential stablecoin policies on the horizon, Coinbase may find itself at the forefront of mass crypto adoption.

The ultimate determinant for Coinbase’s future could depend on the 2025 U.S. presidential election. The outcome between a Democrat like President Joe Biden, who has taken a cautious approach to crypto, and leading Republican candidate Donald Trump, who positions himself as pro-crypto, will be crucial.

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