Coinbase (COIN) Projects 117.66% Upside with $360 Target

Coinbase (COIN) has a buy rating and a price target of $360.19, indicating a potential upside of 117.66% from its current price of $165.48. The company is undergoing a 14% headcount reduction, aiming for $500 million in annualized savings. Recent data shows that USDC hit an all-time high of $80 billion, while stablecoin markets could expand to $3 trillion by 2030. Despite a challenging year where COIN stock is down 53.31%, positive signals include a recent 16.11% surge in shares and continued positive adjusted EBITDA of $303.3 million.