Cantor Fitzgerald reiterates "overweight" rating on Coinbase stock and raises its 12-month price target to $292

Analysts at Cantor Fitzgerald reiterated their "overweight" rating on Coinbase stock and raised their 12-month price target to $292 from $253. "Over the long term, we believe COIN's performance on the trading side will enable it to increase market share, while its performance outside of trading will materially change investors' perceptions of COIN," Cantor Fitzgerald analyst Brett Knoblauch wrote in a note to clients on Friday.