Bernstein Robinhood (HOOD) named Robinhood the firm’s new Best Idea in Global Digital Assets coverage. It has so far operated a constrained crypto business, but the firm expects this to change as the regulatory environment for crypto becomes more favorable. Robinhood’s share was up about 200% in 2024, but Bernstein sees more upside as strong revenue growth is set to continue to drive profitability in 2025. The firm has an Outperform rating on the shares with a price target of $51.
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