Bernstein raised the firm’s price target on Robinhood (HOOD) to $105 from $51 and keeps an Outperform rating on the shares. The firm notes Robinhood is its best idea for 2025. The company “crushed” Q4 earnings with its first $1B revenue quarter, led by 487% sequential quarter-over-quarter growth in crypto revenues, Piper says. Q4 was the election quarter, and the big crypto inflection was expected. With Robinhood now decisively turning around to positive EPS, the firm changes its valuation approach to pure earnings based multiple.
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