President-elect Donald Trump's second term could spell big gains for Robinhood , according to Bernstein.
Analyst Gautam Chhugani, who has an outperform rating on the stock, increased his price target by $21 to $51 and named it his top "crypto deregulation" trade.
"But under a potentially new pro-crypto SEC, this looks set to change, and we expect HOOD to be the biggest beneficiary of crypto regulatory tailwinds."
Among the 17 analysts covering Robinhood, nine have a strong buy or buy rating, according to LSEG data.
On the other hand, seven have taken a neutral stance with a hold rating and one has an underperform rating.
Persons:
Donald Trump's, Bernstein, Gautam Chhugani, skyrockets, Chhugani, Gary Gensler, HOOD, –, Oppenheimer, Teresa Goody Guillén –, BakerHostetler, Trump, Owen Lau
Organizations:
Robinhood, Securities and Exchange Commission, Trump, SEC
Locations:
HOOD