Coinbase price target raised to $80 from $74 at JPMorgan

JPMorgan analyst Kenneth Worthington raised the firm’s price target on Coinbase to $80 from $74 and keeps a Neutral rating on the shares. The company’s significant Q3 earnings beat was driven by non-operating benefits and lower expenses, the analyst tells investors in a research note. The firm cites higher 2025 estimates for the target raise.