Coinbase (COIN) Earnings Hurt by Low Crypto Volume But Trump Could be Wild Card, Analysts Say

Nevertheless, the funding banking agency Oppenheimer (PT: $282, outperform ) added a little bit of optimism, saying that the upcoming election might act as a constructive catalyst for the inventory. “Since our meetings with legislators in May, our thesis has been that Coinbase would benefit the most in our coverage if former President Donald Trump is re-elected. Recent events including Trump’s continuing to speak in Bitcoin conferences in-person only increase our confidence,” the agency’s analyst wrote.