Coinbase Stock Eyes 35% Upside as Citi Raises Target to $230

Key Insights Kazakhstan’s AIFC Court restricts Coinbase and five other exchanges from offering unlicensed crypto services. Citi raises its COIN stock price target to $230 from $210, maintaining a Buy rating. TipRanks data shows a $206.46 average COIN price target, suggesting 20.77% potential upside. Coinbase stock recovered modestly on October 20 after Citi raised its price target, despite regulatory concerns surrounding its Kazakhstan operations. Shares closed at $170.85, gaining 1.43% during the session. The recovery followed a September court ruling restricting Coinbase and five other cryptocurrency platforms from offering unlicensed services within Kazakhstan’s Astana International Financial Centre.