🔸 COIN - CANTOR FITZGERALD RAISES COINBASE PRICE TARGET TO 500 FROM 292 The firm is raising 2026 EPS estimates to 10.76 (from 8.36) due to higher transaction, stablecoin, and blockchain rewards revenue. They now apply a 46.5x PE multiple (up from 35x) reflecting Coinbase’s shift from a cyclical trading platform to critical crypto infrastructure, driven by its stablecoin initiatives and Base layer-2 network. Coinbase’s launch of a crypto “superapp” for payments, social, and trading could further boost growth. Cantor sees more upside ahead and reiterates its Overweight rating.(*Walter Bloomberg)