Mizuho Reiterates Outperform Rating on Robinhood Markets (HOOD)

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This stock is the top 'crypto deregulation' trade, says Bernstein

November 21, 2024 1:30 PM EST

One 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

This stock is a good way to play the crypto market bull run, Piper says

November 19, 2024 8:30 AM EST

Cryptocurrency price cycles have often revolved around Bitcoin's "halving" events, which occur roughly every four years. Throughout history, Bitcoin and other digital assets tend to experience price surges in the 12 to 18 months leading up to and following these events.

With the latest halving now about six months behind us, the market could remain in an upward trajectory for another 6 to 12 months if past patterns hold true, according to Piper Sandler analyst Patrick Moley.

Moley also discussed the potential impact of Bitcoin halving cycles on Robinhood Markets (NASDAQ: HOOD), suggesting that the crypto and... More

Robinhood to acquire TradePMR for $300 million to boost advisory business

November 19, 2024 8:26 AM EST

(Reuters) - Retail trading platform Robinhood Markets will acquire portfolio management platform TradePMR in a cash-and-stock deal for about $300 million, the companies said on Tuesday.

Robinhood has been pushing to grab market share from traditional brokerages such as Charles Schwab and Fidelity Investments in its effort to become to a full-fledged financial services provider.

... More

Robinhood (HOOD) To Acquire TradePMR

November 19, 2024 7:01 AM EST

Robinhood (NASDAQ: HOOD) has entered into an agreement to acquire TradePMR, a custodial and portfolio management platform for Registered Investment Advisors (RIAs). With over 25 years in the industry and over $40 billion in assets under administration, TradePMR will enhance Robinhoods offering for customers by delivering a top-ranked1 RIA custody and portfolio management platform that connects financial advisors to a new generation of investors.

The needs of Robinhood customers are evolving and they are seeking advice on how to build and manage their growing portfolios. The RIA market is a $7 trillion industry and one of the... More

Robinhood rises pre-market as Needham upgrades stock to 'buy'

November 18, 2024 9:13 AM EST

Investing.com -- Robinhood Markets Inc. (NASDAQ: HOOD) shares rose in pre-market trading on Monday after analysts at Needham upgraded the stock to a "buy" rating. 


As per analysts at Needham, Robinhood is poised to benefit from potential shifts in SEC leadership following the recent U.S. presidential election.

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Robinhood Markets (HOOD) PT Raised to $36 at Piper Sandler

November 18, 2024 7:20 AM EST

Piper Sandler analyst Patrick Moley raised the price target on Robinhood Markets (NASDAQ: HOOD) to $36.00 (from $30.00) while maintaining a Overweight rating.

The analyst commented, "Revisiting bitcoin halving cycles & what it means for HOOD. Crypto price cycles have historically centered around Bitcoin "halving" events... More

Needham Upgrades Robinhood Markets (HOOD) to Buy on Benefits from Trump Win

November 18, 2024 6:24 AM EST

(Updated - November 18, 2024 7:31 AM EST)

Needham analyst John Todaro upgraded Robinhood Markets (NASDAQ: HOOD) from Hold to Buy with a price target of $40.00.

The analyst commented, "We are upgrading HOOD to a Buy as Donald Trump's election win stands to... More

Tesla stock gains as Trump admin looks to support full self-driving framework

November 17, 2024 10:18 PM EST

Investing.com -- Tesla Inc (NASDAQ: TSLA) shares rose over 4% in after-hours trading on Robinhood (NASDAQ: HOOD) Sunday evening following reports from Bloomberg that the upcoming Trump administration will establish a federal framework for fully self-driving vehicles and make it a top priority for... More