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Coinbase Global, Inc. (NASDAQ:COIN) ranks among the hot stocks to invest in right now. BofA Securities reaffirmed its Neutral rating and $369 price target for Coinbase Global, Inc. (NASDAQ:COIN) on September 4. As the biggest platform in the US that complies with regulations, the firm believes Coinbase is in a solid position in the digital assets industry.
BofA Securities emphasized the varied product offerings of Coinbase Global, Inc. (NASDAQ:COIN), which include Base, Payments, Crypto-as-a-service, One Card, and Commerce.
The firm pointed out that more than 240 companies currently use Coinbase’s crypto-as-a-service to support their trading, payment, and custody requirements.
Coinbase Global, Inc. (NASDAQ:COIN) is a financial infrastructure and technology provider serving the global crypto industry.
While we acknowledge the potential of COIN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds.
Disclosure: None. This article is originally published at Insider Monkey.
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