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为“选举结果最大受益者”之一 Robinhood(HOOD.US)获大摩大幅上调目标股价

Robinhood (HOOD.US), one of the "biggest beneficiaries of the election results," has had its target stock price significantly raised by Morgan Stanley.

Zhitong Finance ·  Nov 26, 2024 06:00

Analysts believe that the recovery in investor sentiment and the Trump administration's friendly stance on cryptocurrencies are important drivers for Robinhood's development

The Zhitong Finance App learned that due to a sharp increase in the target share price of Robinhood Markets (HOOD.US) by analysts at Morgan Stanley, the company's stock price has risen sharply. Analysts believe that the recovery in investor sentiment and the Trump administration's friendly stance on cryptocurrencies are important drivers for Robinhood's development.

According to Dow Jones market data, Robinhood's stock price rose 3.27% to $37.85 on Monday, and is expected to record its best performance in history this month. Morgan Stanley analyst Michael Cyprys raised his rating from “Equal Weight” (Equal Weight) to “Accumulation” (Accumulation) and raised the target price from $24 to $55.

Cyprys said that among the companies covered by Morgan Stanley, Robinhood was one of the “biggest beneficiaries of the election results.” He appreciated Robinhood's recently announced decision to acquire TradePMR. TradePMR is an escrow and portfolio management platform, and the deal will expand Robinhood's potential market reach.

Cyprys pointed out that this acquisition is one of Robinhood's many important long-term development initiatives and has significant long-term flexibility. Morgan Stanley predicts that Robinhood's revenue will grow at a compound annual rate of 15% until 2027.

Additionally, Robinhood's Investor Day event scheduled to be held on December 4 is expected to boost the market's confidence in its growth prospects and attract more investors to buy its shares.

Although Robinhood's stock price has risen more than 100% this year, Morgan Stanley believes there is room for further growth. Cyprys pointed out that Robinhood is currently undervalued and is launching new initiatives more quickly, while investors' enthusiasm after the election will also bring it more opportunities.

Cyprys wrote in the report: “Looking ahead to 2025, the recovery in initial public offerings (IPOs) and mergers and acquisitions may further boost retail investors' participation and trading activity, and a more favorable digital asset regulatory environment may enable Robinhood to more actively seize this opportunity.”

Not only Morgan Stanley, but other institutions are also optimistic about Robinhood stock. Last week, Needham analyst John Todaro raised his rating from “Hold” (Hold) to “Buy” (Buy) and raised the target price from $33 to $40.

As market sentiment continues to improve, Robinhood's future growth potential is worth looking forward to.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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