Bernstein raises Coinbase's price target by 64% as the biggest beneficiary of the Trump administration

Bernstein has raised its target price for cryptocurrency exchange Coinbase by 64% this year.
CNBC and other foreign media reported that Coinbase has revised its target share price upward to $310, 64% higher than the current price.
Bernstein said, "Coinbase's stock price fell by about 24% after the US presidential election in November last year, but that will soon change."
"If President Trump follows through on his pledge to make the United States the crypto capital of the world, Coinbase will be one of the biggest beneficiaries," the report said.
It went on to say that Coinbase's U.S. cryptocurrency market share reaches 66%.
He added, "We also see positively the company's diversification of revenue from cryptocurrency trading to providing a full range of cryptocurrency financial services."