Coinbase Gains Momentum with Rothschild Upgrade and Samsung Partnership
Coinbase’s stock climbed 2.59% to $381.80, fueled by a “Buy” rating from rothschild & Co. and a major Samsung collaboration.
Rothschild’s upgrade reflects coinbase’s shift from retail fees to a more diversified business model. The firm sees growth in institutional trading, USDC income, and the Base network as key drivers. This diversification is expected to reduce reliance on retail fees, which once made up 90% of revenue.
The Samsung partnership is equally significant. It integrates Coinbase services into the native wallets of 75 million Galaxy devices in the U.S. This move could normalize crypto use for a mainstream audience.
Rothschild’s $417 price target underscores its confidence in Coinbase’s evolving business. The firm contrasts this with a neutral rating for Circle and a sell rating for Robinhood, highlighting Coinbase’s strategic advantages.
the Samsung deal is a major step in Coinbase’s consumer distribution strategy. It links Samsung Pay to Coinbase accounts, making crypto trading and payments as easy as using transit passes or digital keys.
This dual boost from Rothschild and Samsung positions Coinbase for continued growth in the crypto space.
