Robinhood floats Bitcoin treasury idea as analysts eye 12% jump in stock price – DL News
- Firm exploring crypto treasury plan.
- Record earnings amid global expansion.
- Prediction markets cited as another growth vector.
Robinhood’s stock price is projected to jump another 12%.
That’s according to analysts at wealth management firm Bernstein, who say the stock’s price is going to $160 from $142 in an investor note shared with DL News.
Gautam Chhugani and three other Bernstein analysts said that the firm’s crypto engine is firing on all cylinders.
“Robinhood is leaning hard into crypto markets, not simply from trading but building a completely new business in equity and real-world asset tokenisation,” they wrote in a Thursday note to investors.
The forecast comes a day after Robinhood’s inbound Chief Financial Officer…
