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[Morgan Stanley Initiates Coverage on Coinbase for the First Time, Assigns 'Neutral' Rating and $250 Price Target] According to TheStreet, on September 10, Morgan Stanley initiated coverage on Coinbase for the first time, assigning a 'Neutral' rating and a $250 price target, representing approximately 43% upside from the current price of around $175. Morgan Stanley believes Coinbase is becoming a critical bridge connecting traditional finance and digital assets. Its 'universal exchange' strategy expands its business into stocks, commodities, prediction markets, Pre-IPO exposure, and tokenized assets, while custody, financing, stablecoin partnerships, and the Base network position the company across the infrastructure layer.