Coinbase's upcoming event potential near-term catalyst for stock, Clear Street says

Cryptocurrency exchange Coinbase's COIN.O upcoming event on December 17 could serve as a near-term catalyst, Clear Street says

Brokerage says COIN may unveil a coordinated expansion at the event, spanning consumer products, trading infrastructure, and global payments, all anchored in blockchain

Brokerage expects several themes such as prediction markets, tokenization, AI agent integration, cross-border B2B payments, and international expansion to be highlighted at the event

COIN shares up 2.46% at $276.01 premarket as the world's largest cryptocurrency, bitcoin, rises 1.95%

COIN's recent stock drawdown a buying opportunity ahead of product-driven catalysts - Clear Street

23 of 38 analysts rate the stock "buy" or "strong buy", 14 "hold", and 1 "strong sell; median PT $400 - data compiled by LSEG

As of last close, COIN up 8.6% YTD