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. This dual boost highlights the company’s strategic shift and broadening user base.
Rothschild’s upgrade reflects Coinbase’s evolving business model. The firm sees Coinbase moving beyond retail fees, with institutional trading, USDC income, and the Base network driving growth.
The Samsung Wallet integration is a game-changer. It embeds Coinbase services in 75 million Galaxy devices in the U.S., making crypto more accessible. This partnership normalizes digital assets for everyday use, linking them with tools like transit passes and digital keys.
Rothschild’s bullish stance contrasts with its views on competitors. It gave Circle a neutral rating, citing reliance on interest income. Robinhood received a sell rating due to its cyclical crypto economics and fee pressure risks.
Key points:
- Rothschild upgraded Coinbase with a $417 price target.
- Samsung integration links Samsung Pay to Coinbase accounts.
- Coinbase diversifies beyond retail fees to institutional trading and services.
This move shows Coinbase’s commitment to expanding its reach and services. The Samsung deal is a important step in mainstream crypto adoption, making it a leader in the crypto space.
