Robinhood Gets Morgan Stanley Upgrade, Big Price Target Raise on Trump Win | Global News Avenue

Stocks on the Robinhood Market (hood) shares rose on Monday after Morgan Stanley upgraded the stock and more than doubled its share price price targetcalling the online trading platform one of the biggest winners from the deal presidential election results.

The bank upgraded its rating to “overweight” from “equal weight” and increased Robin HoodRaise price target to $55 from $24.

President-elect Trump calls on America to become cryptocurrency “Earth Capital,” the analysts wrote, “potential deregulation allows HOOD to more actively participate in cryptocurrency“.

Potential deregulation, M&A and increase in IPOs bodes well for trading platforms

They added that after the election “animal spirits“Related to deregulation and economic recovery Mergers and Acquisitions (M&A) activities, and ultimately, Initial Public Offering (IPO)”, “It is likely to bring about a strong retail trading environment in 2025. ”

Morgan Stanley Robinhood’s revenue growth forecast for 2025 was raised by 6%, 2026 by 13%, and 2027 by 21%, and Earnings per share (EPS) Guidance values ​​increased by 10%, 28% and 50% respectively in the same year.

Robinhood Markets shares hit their highest level since October 2021 on Monday and recently rose more than 2% to $37.53.