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Coinbase Hits All-Time High with Strong Bullish Signs: But What Do Analysts Think?

  • Coinbase (Nasdaq: COIN) has surged to its highest price since its public debut in April 2021, with shares rising 4% to over $369 and gaining 1.6% in after-hours trading.
  • The stock became the best-performing S&P 500 stock with a 12.1% gain, attributed to broader crypto sector sentiment and its recent inclusion in the benchmark index as the first crypto firm under financial services.
  • Factors contributing to the rally include excitement from Circle's IPO, progress on stablecoin regulations in the US, and Coinbase's S&P 500 inclusion.
  • Analysts have mixed views on COIN, with share price surpassing average targets. Some believe in further growth potential, while others anticipate a possible pullback in the future.

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