One online brokerage name has emerged as Bernstein’s top pick to benefit from potential crypto deregulation, with analysts raising their price target for the stock to $51 from $30 in a note this week.
The firm highlights Robinhood’s (NASDAQ🙂 unique position to capitalize on a potentially pro-crypto SEC under a Trump administration, which could clear the path for significant revenue growth.
Despite its share price already surging 170% year-to-date, Bernstein sees further upside.
“HOOD has so far operated a regulatory-constrained crypto business,” the analysts noted, listing only 15 tokens compared to over 250 on Coinbase.
They note that the current SEC’s hawkish stance has limited Robinhood’s ability to monetize its crypto offerings through staking, lending, and other revenue-generating services.
This could change as Bernstein anticipates regulatory tailwinds under a pro-crypto environment, enabling Robinhood to expand its token listings…
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