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Bernstein Report: Robinhood Positioned to Thrive amid Potential US Crypto Deregulation
Wall Street investment bank Bernstein has tipped Robinhood Markets Inc to be a major winner if US crypto regulations ease under a potentially pro-crypto Securities and Exchange Commission (SEC). This is contained in a research report that the bank published on Wednesday.
Bernstein Raises Robinhood’s Target Price amid Optimism Over Pro-Crypto SEC
According to Bernstein, hopes about regulatory changes have received a boost since Trump won the presidential election. So, with the regulatory changes expected to take place during his administration, the popular trading app looks set to gain massively, Bernstein noted.
On this premise, the broker has now increased its price target for Robinhood shares from $30 to $51.
Robinhood has been operating under strict crypto regulations. To date, the platform has listed only 19 crypto tokens for its American clients. These include Solana (
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