Coinbase Stock Surges 24% After S&P 500 Inclusion Announcement
By: bitcoinsensus|2025/05/13 22:01:19
0
Share
On May 12, 2025, Coinbase was announced as the newest member of the S&P 500, replacing Discover Financial Services in the index. The inclusion—set to take effect before the market opens on May 19, 2025—marks a major milestone for the crypto industry, as Coinbase becomes the first crypto-focused company to join the index. The S&P 500 is widely regarded as a benchmark for the U.S. stock market, tracking the performance of 500 of the largest publicly traded companies. For Coinbase, this inclusion signals mainstream recognition of crypto’s growing role in financial markets. Coinbase’s stock exploded following the S&P 500 announcement, surging over 24% after the announcement. COIN is up by 24% in the day, adding up to a substantial 28.90% increase over the last five days. The momentum carried into trading on May 13, 2025, with Coinbase opening hitting $250 per share within minutes of the open according to Yahoo . Analysts at Oppenheimer raised the Coinbase price target to $293—maintaining an ‘Outperform’ rating. This significant upgrade happened directly after the S&P Index Committee’s announcement yesterday that the crypto company will be joining the index by May 19. If these estimations are correct and Coinbase’s stock hits Oppenheimer’s price target of $293, that would represent a 14% increase from its current price of $256.90. If you’re looking to get started with WEEX , they offer rewards for completing simple tasks like making a 500 USDT deposit and reaching 100,000 USDT in trading volume . Learn more about how to get started here.
You may also like
Robinhood vs xStocks: Stock Tokenization Shouldn't Just Focus on Ticker On-Chain
Nexo launches crypto card in Argentina as Latin America push grows
Bank of America: Nvidia's Forward P/E Falls to 7-Year Low, Market Paying for a Non-Existent Risk
Q2 2026 CEX Trading Data Review: Who's Slacking Off? Who's Inflating Their OI?
Kraken leads MiCA exchanges as EU crypto rules bite
Is the Frenzied Acquisition of Crypto Companies by Giants Good or Bad?
Wall Street Morning Briefing: US-Iran Ceasefire Agreement Collapses, Oil Rises to $80, Nasdaq Gains While Dow Drops
The 'MEV Moment' in Market Predictions: Betting on Ups and Downs or Creating Them
Can SK Hynix Save the Semiconductor Industry with Sevenfold Oversubscription?
The End of the 'Easy Money' Era for AI Semiconductors: Beware of the 'Ghost Stories' Unfolding
Trump Earns $2.2 Billion Annually, Two-Thirds from Cryptocurrency, Averaging 87 Stock Trades Daily
Before the Sea Temperature Rises, the K-Line Warms Up First—A Comprehensive Projection of the 2026 El Niño in Cryptocurrency
New macOS Malware Aims to Empty Cryptocurrency Wallets
The 'Cooperative' in Stablecoins: Open USD Launches, Circle Welcomes Competition
Binance Founder Bets on Bitcoin at One Million Dollars: "It’s Totally Possible"
XRP Ledger hits 1M AI payments as Ripple-backed t54.ai launches hub
Aptos Network Vulnerability Exposed $70 Billion to $3,000 Attack
What is a flash loan? Borrowing millions with zero collateral, explained
Robinhood vs xStocks: Stock Tokenization Shouldn't Just Focus on Ticker On-Chain
Nexo launches crypto card in Argentina as Latin America push grows
Bank of America: Nvidia's Forward P/E Falls to 7-Year Low, Market Paying for a Non-Existent Risk
Q2 2026 CEX Trading Data Review: Who's Slacking Off? Who's Inflating Their OI?
Kraken leads MiCA exchanges as EU crypto rules bite
Is the Frenzied Acquisition of Crypto Companies by Giants Good or Bad?
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
