Bernstein raised the firm’s price target on Robinhood (HOOD) to $51 from $30 and keeps an Outperform rating on the shares. The firm notes Robinhood’s share price is up 170% year-to-date, but says it sees more upside potential. The firm expects Robinhood to be the biggest beneficiary of crypto regulatory tailwinds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HOOD:
- JMP says Robinhood acquisition of TradePMR ‘has strong strategic merits’
- M&A News: Robinhood (NASDAQ:HOOD) Will Acquire TradePMR for $300M
- Robinhood acquisition helps fill solutions vertical, says Keefe Bruyette
- Robinhood to acquire RIA platform operator TradePMR
- Robinhood (NASDAQ:HOOD) Stock Surges on Needham Upgrade
Questions or Comments about the article? Write to editor@tipranks.com