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Oct 24, 2025 4:00 PM

Coinbase Stock Rises After JPMorgan Upgrades To Overweight

Coinbase Global Inc (CRYPTO: COIN) shares are climbing Friday after JPMorgan upgraded the stock from Neutral to Overweight and boosted its price target from $342 to $404.

COIN is among today’s top performers. See the market dynamics here.

What Happened: The upgrade comes amid heightened optimism around cryptocurrency regulation in the U.S.

On top of JPMorgan’s positive upgrade, Coinbase CEO Brian Armstrong expressed optimism Thursday about the future of cryptocurrency regulations, noting bipartisan support for market structure legislation. Armstrong stated on X that despite the government shutdown, momentum for the legislation is at an “all-time ...