Golden Finance reported that equity analysts at Needham & Company raised their target price on Coinbase to $420 per share on Monday, citing strong trading volume in December and rising altcoin trading volume. The company's previous price target was $375. Analysts said in a statement: "The increase in price targets is due to the return of heavy retail activity to the cryptocurrency market, with December trading volume expected to hit an all-time high. Volatility has increased, especially with Bitcoin around $100,000, and Increased altcoin activity is the main reason for the surge in trading volume.” Analysts at Needham predict strong results for Coinbase in both the fourth quarter of 2024 and next year. Analysts have a "buy" rating on the stock.