Deutsche Bank analyst Brian Bedell maintains $Robinhood (HOOD.US)$ with a buy rating, and adjusts the target price from $42 to $54.
According to TipRanks data, the analyst has a success rate of 57.3% and a total average return of 13.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Robinhood (HOOD.US)$'s main analysts recently are as follows:
The outlook for the brokers, asset managers, and exchanges sector moving into 2025 appears positive, with expectations of another year delivering over 20% in total returns in U.S. equity markets. Factors contributing to this optimistic view include anticipated increases in capital markets activity, the possibility of relaxed regulations enabling product innovation and capital deployment, along with the potential for reductions in individual and corporate tax rates.
In the realm of brokers, asset managers, and exchanges, alternative asset managers are perceived to benefit from durable secular tailwinds, while the retail and wealth sectors are viewed as particularly promising. Conversely, exchanges are deemed less engaging in positive markets, reflecting slower growth compared to asset managers and certain brokers which are more sensitive to fluctuations in the asset market. Analysts suggest that potential policies could favor energy exchange businesses, though other asset classes may see less impressive growth. Within these sectors, brokers are favored for investment starting 2025, buoyed by resilient short-term rates that may enhance margin lending and other higher-margin activities. Additionally, a profitable retail customer base is likely to sustain an active trading period among retail investors. Robinhood, in particular, is acknowledged for its significant strides in establishing its operations more credibly compared to its initial heavy reliance on meme-stock trading.
Note:
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