Coinbase Price Target Raised on View that Ethereum Growth Could Boost Earnings

• Ether could be a meaningful earnings driver for Coinbase, according to JPMorgan • JPMorgan raised its price target for Coinbase to $150 from $95 • Ether appreciation is seen as particularly impactful on Coinbase earnings
• Ethereum use cases transcend crypto, creating a robust earnings driver for Coinbase • Coinbase's long-term success would be driven by development focused on tokenization and payments