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Meet the Newest Stock in the S&P 500: It Has Soared 640% Since 2023 and Is Still a Buy in 2025, According to Certain Wall Street Analysts
Coinbase Global (NASDAQ: COIN) will be added to the S&P 500 (SNPINDEX: ^GSPC) before the stock market opens on Monday, May 19. The stock has rocketed 643% higher since January 2023, but certain Wall Street analysts still anticipate substantial gains in the next year.Joseph Vafi at Canaccord Genuity and Devin Ryan at Citizens JMP have set Coinbase with target prices of $400 per share. That implies 52% upside from the current share price of $263. Read on to learn more about this cryptocurrency stock.Image source: Getty Images.Continue reading
Coinbase Global (NASDAQ: COIN) will be added to the S&P 500 (SNPINDEX: ^GSPC) before the stock market opens on Monday, May 19. The stock has rocketed 643% higher since January 2023, but certain Wall Street analysts still anticipate substantial gains in the next year.
Joseph Vafi at Canaccord Genuity and Devin Ryan at Citizens JMP have set Coinbase with target prices of $400 per share. That implies 52% upside from the current share price of $263. Read on to learn more about this cryptocurrency stock.
Image source: Getty Images.
