BofA Upgrades Coinbase to Buy with $340 Price Target Amid Product Expansion
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 08 2026- Product Expansion Confidence: Bank of America upgraded Coinbase's stock rating to Buy while maintaining a $340 price target, despite a 5% decline over the past year, indicating strong market adaptability as the company accelerates product launches.
- Market Share Growth: Coinbase's entry into stock and ETF trading, along with prediction markets, is expected to position the company as an “everything exchange,” enabling cross-selling of products and expanding its total addressable market.
- Infrastructure Investment: The development of Base, a decentralized layer-2 blockchain, is anticipated to introduce a native token that could generate billions in revenue, further solidifying Coinbase's market position.
- Policy Support Advantage: Analysts highlight that the Trump administration's crypto-friendly stance is likely to provide Coinbase with a competitive edge, positioning it as the ideal partner for traditional finance and driving growth in the crypto market.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
