Reported 1 day ago
After Donald Trump's election victory, analysts have increased their price targets for Robinhood, expecting the fintech firm to benefit from potential SEC changes under his administration. Trump's pro-crypto stance has been highlighted, particularly as Robinhood has expanded its cryptocurrency trading offerings. Shares of Robinhood have experienced significant growth, rising nearly 175% year-to-date. Various analysts noted that Robinhood is well-positioned in the crypto market and anticipate strong retail engagement amidst a potential crypto bull market.
Source: YAHOO