According to CoinMeta, as reported by an early issuer of in, Cantor Fitzgerald has raised the target price of Coinbase from $184 to $212 and maintained a bullish rating. Cantor Fitzgerald has incorporated into its model the guidance provided by Coinbase's management for the third quarter: subscription and service revenues are expected to be between $500 million and $580 million, with transaction fees accounting for around a dozen percent of net revenues. After adjustments, the fees are estimated to be between $980 million and $1.08 billion.