Barclays analyst Benjamin Budish upgraded Coinbase Global, Inc. (NASDAQ:COIN) from Underweight to Equal-Weight, lowering the price forecast from $206 to $169. The analyst notes that the regulatory landscape is improving, with presidential candidates showing greater support for crypto and the approval of several spot crypto ETFs. This favorable environment has helped Coinbase’s revenues remain resilient. The analyst acknowledges ongoing risks for Coinbase, such as fee compression in retail and pressure on profitability from lower rates and USDC rewards. Also Read: Trump Campaign ‘More Explicit’…
