Deutsche Bank raised the firm’s price target on Robinhood (HOOD) to $54 from $42 and keeps a Buy rating on the shares as part of a 2025 outlook for the brokers, asset managers and exchanges sector. The firm sees a relatively good setup for the majority of its coverage in 2025, with the potential for a third straight year of 20%-plus total return in U.S. equity markets. Key thematic drivers already broadly discussed across the marketplace should be greater capital markets activity broadly, potential for lighter regulation which could foster product innovation and greater deployment of capital, and potential for lower individual and corporate taxation, the analyst tells investors in a research note.
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Read More on HOOD:
- CFTC Chair Behnam warns of oversight issues on cryptocurrencies, FT reports
- Bernstein sees bitcoin continuing on path to $200,000 in 2025
- Robinhood upgraded to Neutral from Underweight at JPMorgan
- Robinhood price target raised to $47 from $46 at Goldman Sachs
- Crypto Currents: Analyst sees bitcoin reaching $225K by year-end
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
