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."
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