{"id":2900,"date":"2024-11-18T16:16:40","date_gmt":"2024-11-18T16:16:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2900"},"modified":"2024-11-18T16:16:40","modified_gmt":"2024-11-18T16:16:40","slug":"robinhood-analyst-sees-tailwinds-following-trumps-election-win-shares-surge","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2900","title":{"rendered":"Robinhood Analyst Sees Tailwinds Following Trump&#8217;s Election Win, Shares Surge"},"content":{"rendered":"<div>\n<p><strong>Robinhood Markets Inc<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/HOOD#NASDAQ\">HOOD<\/a>) shares are trading higher Monday. Needham upgraded the stock to Buy as the firm believes the company stands to materially benefit from <strong>Donald Trump\u2019s<\/strong> <a href=\"https:\/\/www.benzinga.com\/general\/social-media\/24\/11\/41912771\/trump-presidency-magnificent-7-stock-impact-benzinga-readers-pick-tech-titan-at-most-risk-following-2024-election\">election win<\/a>.<\/p>\n<p><strong>What To Know:<\/strong> Needham analyst John Todaro upgraded Robinhood from <a href=\"https:\/\/www.benzinga.com\/analyst-stock-ratings\">Hold to Buy<\/a> on Monday and set a price target of\u00a0$40, citing tailwinds from Trump\u2019s return to the White House primarily due to changes at the U.S. Securities and Exchange Commission. <\/p>\n<p>The Needham analyst expects SEC chair <strong>Gary Gensler<\/strong> to <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41993524\/gary-gensler-hints-at-ending-his-stint-as-sec-chair-defends-crypto-regulation-agenda\">resign<\/a> in the coming weeks as Trump turns to a more pro-crypto chairperson. Gensler is known for his tough regulatory approach to crypto markets.<\/p>\n<p>\u201cOn the back of this, we expect HOOD to significantly expand its crypto product offering and capture low-hanging fruit,\u201d Todaro said in a note to clients.<\/p>\n<p>Robinhood has historically limited its crypto offerings in an effort to avoid SEC enforcement actions, but the Needham analyst believes Robinhood will ramp up offerings to more closely compete with <strong>Coinbase Global Inc<\/strong> &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/analyst-ratings\/upgrades\/24\/11\/42041187\/robinhood-analyst-sees-tailwinds-following-trumps-election-win-shares-surge\" alt=\"Robinhood\" analyst sees tailwinds following trump election win shares surge>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Robinhood Markets Inc (NASDAQ:HOOD) shares are trading higher Monday. Needham upgraded the stock to Buy as the firm believes the company stands to materially benefit from Donald Trump\u2019s election win. What To Know: Needham analyst John Todaro upgraded Robinhood from Hold to Buy on Monday and set a price target of\u00a0$40, citing tailwinds from Trump\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2900","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2900"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2900\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}