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Robinhood named new Best Idea in Global Digital Assets at Bernstein

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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