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

Barclays Reiterates Equalweight Rating on Robinhood Markets (HOOD) Ahead of Investor Day

Barclays analyst Benjamin Budish reiterated an Equalweight rating and $26.00 price target on Robinhood Markets (NASDAQ: HOOD).

The analyst comments "Next week, Robinhood hosts its first investor day. The company has broad ambitions across brokerage, crypto, and global coverage, and we expect management will lay out their longerterm growth drivers and targets for the company. Over the past several years, Robinhood has launched new products, moved... More

Robinhood Markets (HOOD) PT Raised to $51 at Bernstein SocGen Group

Bernstein SocGen Group analyst Gautam Chhugani raised the price target on Robinhood Markets (NASDAQ: HOOD) to $51.00 (from $30.00) while maintaining an Outperform rating.

The analyst said: "HOODs share price is up ~170% YTD. We see more upside potential and are moving up our... More

Mizuho Reiterates Outperform Rating on Robinhood Markets (HOOD)

Mizuho 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

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

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

(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.

Robinhood (HOOD) To Acquire TradePMR

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