Coinbase Becomes First Pure-Play Crypto Stock In S&P 500, Analyst Sees Major Institutional Upside
1. Rosenblatt raised COIN's price target from $260 to $300. 2. Coinbase shares surged 30% in a week due to S&P 500 announcement. 3. COIN will be the first crypto-only stock in the S&P 500. 4. Acquisition of Deribit enhances Coinbase's institutional appeal and offerings. 5. Analysts remain bullish, expecting increased institutional ownership and regulatory progress.