PANews reported on October 24 that according to CNBC, JPMorgan Chase raised Coinbase's stock rating from "neutral" to "overweight" and raised its target price from $342 to $404. The bank pointed out that although Coinbase's stock price has risen by about 30% this year, it is still attractive compared to its peers, and the revised model shows that there is still about 25% room for growth. JPMorgan analyst Kenneth Worthington said that Coinbase is evaluating the possibility of issuing Base tokens, which may become an important catalyst for promoting ecological expansion. He expects the token's market value to be between $12 billion and $34 billion, which is expected to balance shareholder value and community growth. At the same time, Coinbase's promotion of monthly subscription services is also seen as a potential growth driver.