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Ad Home / Price Analysis / COIN Stock Outlook as BofA Raises Target to $203 on Stablecoin Revenue Growth COIN Stock Outlook as BofA Raises Target to $203 on Stablecoin Revenue Growth 05 Oct, 2026 By Muthoni Mary Muthoni Mary
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling. Read full bio Copied! Why Trust CoinGape CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information. Highlights
Coinbase (NASDAQ: COIN) stock price is up today, October 5, after the Bank of America (BofA) raised its target on the shares based on a bullish outlook on the exchange’s stablecoin revenue
COIN stock gains also mirror an uptrend across US crypto stocks, with Circle and Strategy shares also rising by 2.1% and 2.4%, respectively, at the time of writing
BofA Securities has raised its target for COIN stock price from $174 to $203. The firm also maintained a buy rating on the stock
BofA’s target is a 6% upside from the share price of $191 at the time of writing. Still, the shares also remain down by 19% year-to-date
The firm attributed this new target to a potential surge in Coinbase’s stablecoin revenue after the Federal Reserve hiked interest rates by 25 basis points during the September FOMC meeting
The bullish outlook also comes shortly after Bitwise CIO Matt Hougan noted that the failure of the CLARITY Act bill gave Coinbase a stablecoin rewards edge
In its new rating, BofA also lowered Coinbase’s earnings-per-share (EPS) for Q3 2026 from -$0.22 to -$0.24. The firm expects Coinbase to report a full-year EPS of -$0.73, with this being a drop from its previous forecast of -$0.71
BofA attributes its move to trim the EPS forecast to weak crypto trading volumes following a bearish outlook that gripped the crypto market for most of 2026
As CoinGape reported earlier, Coinbase’s adjusted EPS for Q2 2026 came in at -$0.39, with this being notably lower than the forecast of $0.14
Coinbase is expected to release its Q3 2026 financial results on October 23 after the market closes
COIN stock price had jumped by 3% to trade at $188 at the time of writing. The shares had earlier reached an intraday high of $191
The weekly chart shows that today’s gains coincide with a slight rise in the RSI reading to 51, suggesting a shift in momentum to bullish
If COIN can sustain these gains this week as geopolitical tensions ease and the odds of the Fed hiking interest rates at the October FOMC meeting fall, the shares could reach the upper Bollinger band of $201
However, a repeat of the downtrend seen last week could push COIN stock price to support at $174, with an extended downtrend set to push the shares to the lower Bollinger band of $136
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2. How high could COIN stock price go in October 2026?
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information
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