Bernstein gives Robinhood stock an "outperform" rating and a $30 price target

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14/03 16:52

Bernstein rates trading platform Robinhood (HOOD) with an "outperform" rating and a $30 price target (currently $17.16), the firm said in a research note on Thursday. “We expect total cryptocurrency market capitalization to reach $7.5 trillion by 2025, up from $2.6 trillion today,” the report said. This would mean a ninefold increase in Robinhood’s cryptocurrency revenue. Cryptocurrency trading volume on its platform increased 10% in February from January, the company said on Wednesday. Bernstein predicts that by 2025, Bitcoin’s market value will grow to $3 trillion, Ethereum’s market value will increase to $1.8 trillion, and other mainstream coins will reach $1.4 trillion. (CoinDesk)

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