Robinhood Gets Morgan Stanley Upgrade, Big Price Target Raise on Trump Win

Shares of Robinhood Markets (HOOD) precocious Monday aft Morgan Stanley upgraded nan banal and much than doubled its price target, saying nan online trading level was among nan biggest winners from nan presidential predetermination outcome. 

The slope raised its standing to "overweight" from "equal weight," and boosted Robinhood's value target to $55 from $24.

President-elect Trump has called for nan U.S. to beryllium nan cryptocurrency "capital of nan planet," and nan analysts wrote that "potential deregulation enables HOOD to participate much aggressively successful crypto."

Potential Deregulation, Rising M&A and IPOs Bode Well for Trading Platform

They added that post-election "animal spirits" associated pinch deregulation, on pinch betterment successful mergers and acquisitions (M&A) activity and, eventually, initial nationalist offerings (IPOs), "likely lead to robust unit trading situation into 2025."

Morgan Stanley boosted its outlook for Robinhood's gross maturation by 6% for 2025, 13% for 2026, and 21% successful 2027, and accrued its earnings per stock (EPS) guidance by 10%, 28%, and 50%, respectively, complete those aforesaid years.

Robinhood Markets shares connected Monday traded astatine their highest level since October 2021, precocious up much than 2% astatine $37.53.