Robinhood Markets to Become Top Winner Through Crypto Approach -- Market Talk

Dow Jones07:50

1848 ET [Dow Jones]--Robinhood Markets' growth trajectory should be supported by stronger potential revenue growth within cryptocurrency trading, Deutsche Bank analysts say in a research note after meeting with its investor relation team. Key catalysts for the stock include the surge in November's crypto volume industry-wide helping fourth-quarter revenue, as well as an outlook for strong crypto revenue momentum in 2025 with the potential addition of more coins onto Robinhood's crypto platform, the analysts add. Deutsche Bank raises its target price to $36 from $35 a share previously. (sabela.ojea@wsj.com)

(END) Dow Jones Newswires

November 22, 2024 18:50 ET (23:50 GMT)

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