Bank of America upgrades CEX stock rating to "Buy"

On January 8th, Bank of America upgraded CEX’s rating to “Buy,” citing accelerated product expansion, strategic adjustments, and more attractive current valuations. Bank of America pointed out that CEX’s stock price has retraced about 40% from its July high, but product momentum is improving in the second half of the year. Bank of America emphasized that CEX is accelerating its layout in stocks, ETFs, and prediction markets; its Layer 2 network Base is seen as a key infrastructure-level growth engine; meanwhile, CEX Tokenize is expected to become an important catalyst for the tokenization of real-world assets (RWA). With the price-to-earnings ratio down about 40% from mid-2024 levels, Bank of America reaffirmed a target price of $340 for CEX, implying approximately 38% upside potential, and believes CEX is positioned for long-term industry leadership as it moves toward 2026.