Robinhood’s Crypto Bet Pays Off: Bernstein Predicts Massive Growth, $105 Price Target

Robinhood Markets Inc. (NASDAQ:HOOD) is positioned for exceptional growth, driven by its strategic embrace of cryptocurrency, according to a new analysis from Bernstein.

What Happened: The financial services firm upgraded its price target for HOOD to $105, citing the company’s Q4 earnings, which were fueled by a surge in crypto-related revenue.

Bernstein has also named Robinhood as “best idea for 2025.”

The analysis highlights that HOOD’s impressive Q4 performance marked a turning point, with total revenue reaching $1 billion for the first time.

Cryptocurrency revenue soared by 487% compared to the previous quarter and 733% compared to the same period last year.

Bernstein notes that the past quarter, as the last quarter of the election year, was highly bullish for crypto related revenues.

Bernstein anticipates that this growth trajectory will continue, projecting substantial increases in both revenue and earnings per share (EPS) over the next …

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