Robinhood Named Top “Crypto Deregulation Trade” Following Election Results [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
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Source: Yahoo! Finance
The firm has upgraded its rating on Robinhood's stock (HOOD) to “outperform” and raised its price target to $51, up from a previous target of $30 which was reached shortly after the election. The analysts project that Robinhood will benefit from anticipated pro-crypto policies under the new administration, which include plans to establish a national Bitcoin stockpile and a commitment to reduce regulatory burdens on the crypto industry. Bernstein has adjusted its revenue forecast for Robinhood, estimating $4.19 billion for the 2025 financial year—an increase from $3.85 billion—with earnings projected at $1.3 billion. Currently, Robinhood's shares are up year-to-date, closing at $35.24, with pre-market trading indicating a further increase to $36. Analysts suggest the new price target represents a potential upside of 45%. Despite these gains, Robinhood's crypto operations remain limited compared to competitors like Coinbase. The app has only listed 15 tokens and lacks revenue f
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News
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COIN
Earnings
- 10/30/24 - Miss
COIN
Sec Filings
- 11/20/24 - Form 144
- 11/20/24 - Form 144
- 11/20/24 - Form 144
- COIN's page on the SEC website