Bernstein Initiates Coverage on Robinhood: ‘Outperform’ Rating and $30 Price Target Amid Crypto Surge
Bernstein has started covering Robinhood with a ‘Outperform’ rating and set a price target of $30, highlighting a significant crypto cycle. The analyst note suggests that the total crypto market cap is projected to hit $7.5 trillion by 2025, up from $2.6 trillion currently, indicating a potential ninefold increase in Robinhood’s crypto revenue. Bernstein anticipates […]
Bernstein has started covering Robinhood with a ‘Outperform’ rating and set a price target of $30, highlighting a significant crypto cycle.
The analyst note suggests that the total crypto market cap is projected to hit $7.5 trillion by 2025, up from $2.6 trillion currently, indicating a potential ninefold increase in Robinhood’s crypto revenue.
Bernstein anticipates Bitcoin’s market capitalization to reach $3 trillion, Ether’s to rise to $1.8 trillion, and forecasts that other top blockchain tokens will collectively reach $1.4 trillion by 2025.
Analysts Gautam Chhugani and Mahika Sapra stated that they believe the crypto market is experiencing unparalleled institutional adoption.
Assets under management for spot bitcoin ETFs could potentially surge to $300 billion by 2025. They anticipate the availability of an ‘Ether ETF’ within the next 12 months.
Bernstein sees Robinhood $HOOD as a two-year cyclical opportunity, capitalizing on the earnings surge driven by crypto trends during 2024-2025.
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