Svmuu News: Bank of America has upgraded its rating on Coinbase to “Buy,” citing accelerated product expansion, strategic adjustments, and more attractive current valuations. Bank of America noted that Coinbase’s stock price has retreated by approximately 40% from its July high, but product momentum is improving in the second half of the year.Bank of America emphasized that Coinbase is accelerating its expansion into stocks, ETFs, and prediction markets; its Layer 2 network, Base, is viewed as a key infrastructure-level growth engine; and Coinbase’s Tokenize is expected to serve as a significant catalyst for the tokenization of real-world assets (RWAs).With the price-to-earnings ratio down by approximately 40% from mid-2024 levels, Bank of America reaffirmed its $340 price target for Coinbase, implying an upside of about 38%, and believes Coinbase possesses long-term industry leadership as it moves toward 2026.