Morgan Stanley lifted its price target on Coinbase Global to $258 from $250, an $8 increase representing a 3.2 percent upward revision. The adjustment came as part of the bank's earnings preview note to investors on October 9.
Morgan Stanley maintained an Equal Weight rating on the exchange operator. The price target move follows incremental confidence in Coinbase's near-term financial trajectory without a shift in the analyst's overall stance on the stock's risk-reward profile relative to the market.
Coinbase closed at $169.84 on October 9, meaning Morgan Stanley's $258 target implies 51.6 percent upside from that close. The target assumes the stock continues its movement higher through year-end and into 2027, though the Equal Weight rating indicates the bank sees limited outperformance versus the broader market once the upside is priced in.
Price target adjustments on single equities typically follow earnings reports, guidance revisions, or shifts in sector activity. In Coinbase's case, third-quarter results and management commentary on regulatory tailwinds or user growth often drive analyst recalibrations. The $8 lift sits within the range of typical quarterly revisions for large-cap equities, though the timing, ahead of earnings publication, indicates Morgan Stanley's preview incorporated assumptions about near-term results.
Coinbase stock had traded in a range between $139 and $270 in the twelve months preceding the target adjustment. The $258 level represents the high end of that range.
