Morgan Stanley initiates coverage on Coinbase with 'Equal-Weight' rating

Morgan Stanley has initiated coverage on Coinbase with an 'Equal-Weight' rating and a price target of $250, representing a potential 43% upside from its current price of approximately $175. The firm highlighted Coinbase's strategy to bridge traditional finance and digital assets by expanding into stocks, commodities, and tokenized assets, while leveraging its infrastructure through Base and stablecoin partnerships.