[Goldman Sachs Upgrades Coinbase Stock Rating to 'Buy'] Goldman Sachs has upgraded the stock rating of cryptocurrency exchange Coinbase from 'Neutral' to 'Buy,' raising the 12-month target price from $294 to $303. Analyst James Yaro stated that the revenue share of Coinbase's subscription and services business has grown from 5% in 2020 to an expected 40% by 2025, with an anticipated annual growth rate of 13% for this segment from 2025 to 2027. Goldman Sachs believes that Coinbase's expansion in custody, stablecoins, staking, and prime brokerage services will reduce earnings volatility.