Mizuho Lifts PT on Coinbase Global (COIN) to $300 From $267

Coinbase Global, Inc. (NASDAQ:COIN) is one of the best stocks to invest in right now. On September 18, Mizuho analyst Dan Dolev raised the firm’s price target on Coinbase Global, Inc. (NASDAQ:COIN) to $300 from $267 while keeping a Neutral rating on the shares.

The firm told investors in a research note that, according to its analysis, consumer lenders, bank processors, and exchanges are in the best position to benefit from interest rate cuts.

Dolev added that exchanges like Coinbase rely on trading commissions, with the trading activity tending to rise when rates are lower.

The firm believes that shares of Coinbase Global, Inc. (NASDAQ:COIN) deserve credit for the company’s cost management, growth, and secular tailwinds.

Coinbase Global, Inc. (NASDAQ:COIN) provides a platform for customers to engage with crypto assets and offers critical infrastructure for the on-chain economy. The company offers services and products to three customer groups: Consumers, Institutions, and Developers.

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.

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Disclosure: None. This article is originally published at Insider Monkey.