Goldman Sachs Raises Price Targets on Coinbase and Robinhood
On August 25, Goldman Sachs raised its price targets for both Coinbase Global (COIN) and Robinhood Markets (HOOD), reflecting a cautiously optimistic outlook. The firm cited structural growth in brokerage services, potential crypto trading upside, regulatory progress around the CLARITY Act, and cost discipline as key factors supporting their upgraded ratings. Goldman Sachs analyst James Yaro increased Coinbase's price target from $173 to $196 while maintaining a 'Buy' rating. This represents an 115% potential upside at the time of writing when COIN was trading around $91. For Robinhood, the firm raised its price target slightly—from $123 to $124—indicating about an 11% upside from HOOD's then-current level near $111. Both stocks were recently added to the S&P 500 index last year and have seen recent gains amid broader market optimism, including a rally in crypto assets following Treasury announcements on bond buybacks.
Topics: Coinbase Global Crypto Market Goldman Sachs Robinhood Markets Stock Analysis