Several Wall Street shops are bullish on Coinbase's progress toward integrating its financial infrastructure into big banks following the crypto firm's third-quarter earnings report.
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Goldman Sach's revised price forecast implies 28% upside ahead for shares of Coinbase.
Bank of America's $340 price target implies upside of almost 40% over the next 12 months for Coinbase shares.
The bank initiated the cryptocurrency exchange with a buy rating.
JPMorgan sees shares of Coinbase rallying 25% from here.
Coinbase posted a surprise first-quarter loss on Thursday, but Citi is optimistic on the stock's long-term growth potential.
The firm downgraded Coinbase to sell from neutral in a Sunday note.
