Goldman Sachs Upgrades Investment Opinion on Coinbase: "Sales Increase Potential High"

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Global investment bank Goldman Sachs upgraded its investment rating on Coinbase from Neutral to Buy and downgraded eToro, a mobile investment app that supports cryptocurrency trading, from Buy to Neutral, CoinDesk reported. Goldman Sachs raised its price target for Coinbase from $294 to $303, while lowering eToro from $48 to $39. The bank explained, โ€œCoinbase is expected to grow its revenue by 12% annually through 2027, significantly exceeding the 8% average for its competitors. While eToro is showing steady growth, it faces increasing competition in its core markets, which could significantly increase its customer acquisition costs.โ€

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