Pinkspider
11-20 20:38

BERNSTEIN RAISES ROBINHOOD $HOOD PT TO $51 FROM $30:

- More coins offered on platform 🟢

- Less regulatory constraint on crypto business 🟢

- New product lines around crypto 🟢

Bernstein was the first to give $HOOD a $30 PT in March and now they are the first to give Robinhood a $50 PT.

Analyst Gautam Chhugani Comments:

"Robinhood’s share price is up ~170% YTD, and we see further upside potential, raising our price target to $51 from $30. HOOD has historically operated within regulatory constraints in its crypto business, listing only 15 tokens (compared to 250+ on Coinbase) and generating no revenue from staking, lending, derivatives, or stablecoins—products offered by competitors.”

"However, under a potentially more pro-crypto SEC, we expect HOOD to benefit significantly from regulatory tailwinds. We increase our 2025 crypto revenue estimates by 20% and remain ~3.5x above consensus estimates. This growth should be fueled by market share gains through expanded token listings and the introduction of new crypto product lines, unlocking a larger revenue opportunity."

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment