Coinbase To Benefit From Political Landscape, Analyst Says Now Is ‘Buying Opportunity’
Cryptocurrency trading platform Coinbase Global (NASDAQ:COIN) is set to benefit from new products and a new White House administration, according to a new investor note.
The Coinbase Analyst: Rosenblatt analyst Chris Brendler reiterated a Buy rating on Coinbase with a $300 price target.
Read Also: Coinbase Slips On Q1 Miss, Highlights SEC ‘Win’ And Strategic Bitcoin Reserve Executive Order
The Analyst Takeaways: The cryptocurrency sector and Coinbase are set for nice growth potential in the future, Brendler said in a new investor note.
The analyst said Coinbase’s new product launches “are just the beginning.”
“With such a significant change in the political landscape, we continue to believe the benefits will be far greater than expected and think the current rally in crypto prices is just getting started,” Brendler said.
With reduced regulatory pressure, Brendler sees Coinbase accelerating its product expansion beyond trading.
The analyst said …
About The Author
