Robinhood (HOOD) To Acquire TradePMR
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This stock is the top 'crypto deregulation' trade, says Bernstein
November 21, 2024 1:30 PM ESTOne online brokerage name has emerged as Bernsteins 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: HOOD) 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%... More
Mizuho Reiterates Outperform Rating on Robinhood Markets (HOOD)
November 19, 2024 8:45 AM ESTMizuho analyst Dan Dolev reiterated an Outperform rating and $35.00 price target on Robinhood Markets (NASDAQ: HOOD).
The analyst comments "This morning, HOOD announced the $300mn acquisition of TradePMR, HOOD's biggest acquisition to date. We view this as a good strategic deal for three reasons: (1)... More
