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Robinhood Markets (NASDAQ:HOOD) just got a major nod from Wall Street, sending its stock climbing. Morgan Stanley analyst Michael Cyprys named the retail trading giant his top pick, citing its untapped growth potentialespecially in crypto. With the incoming Trump administration expected to ease regulations, Robinhood is well-positioned to expand its crypto business and capture a larger market share. Cyprys is bullish, raising his price target from $55 to $64 and maintaining an Overweight rating, signaling more upside ahead.
Bernstein analyst Gautam Chhugani doubled down on the optimism, calling Robinhood his top digital assets pick for 2025. His thesis? A looser regulatory environment could finally unlock Robinhood's full crypto potential. If that happens, the platform could see a surge in trading volume and revenue, reinforcing its role as a dominant player in both traditional and digital assets. Investors are taking note, with renewed interest pushing the stock higher.
Wall Street's conviction on Robinhood is growing, and for good reason. If regulatory shifts play out as expected, Robinhood could be in for a major breakout. The stock is already rallying, but with analysts raising their targets and confidence mounting, this might just be the beginning of something much bigger.
This article first appeared on GuruFocus.