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- Bernstein analysts cited the app’s explosive maturation successful crypto-driven revenue.
- Three main categories volition thrust growth: caller tokens, staking, and stablecoins.
- Morgan Stanley has indicated the aforesaid drivers but a $90 terms target.
Analysts are bullish connected Robinhood.
Bernstein analysts doubled their terms people for the company’s banal to $105 by the extremity of 2026 — up from $51.
Morgan Stanley analysts raised their terms people to $90 — a 40% hike from their erstwhile prediction.
Robinhood volition turn acknowledgment to 3 main categories, according to some teams of analysts: caller token offerings — 20 to 30 tokens from DeFi, AI, and memecoins — staking services, and stablecoins.
The analysts besides spot institutions entering crypto done Robinhood integrations with crypto-native platforms.
“Robinhood is gathering a planetary fiscal ecosystem crossed asset-classes — equities, crypto, tokenized securities, stablecoins, prediction markets," Bernstein expert Gautam Chhugani wrote successful a enactment to investors connected Wednesday.
The optimistic outlook hinges mostly on Trump’s promises. His pro-crypto run slogans “attracted much traders to pursuit crypto terms action,” said Bernstein analysts.
When the president made crypto a centrepiece of his campaign, Bitcoin surged — peaking astatine $108,000.
Robinhood notched explosive growth successful its cryptocurrency limb successful the past 4th of 2024.
Crypto trading present accounts for 53% of Robinhood’s transaction revenue, up from 20% successful the erstwhile quarter.
The institution besides posted $1 cardinal successful quarterly income successful 2024’s last quarter, and crypto trading gross surged astir sixfold successful the aforesaid period.
Trump trade
Both teams of analysts expect Robinhood to proceed benefiting from Donald Trump’s caller administration.
A much affirmative US regulatory authorities volition let Robinhood to “participate much aggressively,” unlocking much crypto gross successful the process, wrote Morgan Stanley marketplace watchers.
According to Robinhood co-founder and CEO Vlad Tenev, his company’s efforts to enactment further crypto tokens volition accelerate if the Trump medication delivers connected its vow for clearer crypto rules.
Some pundits similar Arthur Hayes are underwhelmed by the archetypal moves made by Trump.
Bitcoin terms to $200,000?
Bernstein analysts haven’t held back connected their bullish prediction for Bitcoin either.
The firm’s analysts person touted a $200,000 terms tag by the extremity of year.
Others are adjacent much bullish.
BlackRock’s Larry Fink has enactment a $700,000 terms target connected the crypto, portion Standard Chartered analysts see $500,000 per coin.
Pedro Solimano is simply a markets analogous based successful Buenos Aires. Got a tip? Email him astatine [email protected].
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