** Trading platform Robinhood's shares HOOD.O up 0.6% at $62.96
** Needham raises PT of HOOD to $71 from $58, a ~13.5% upside to stock's last close
** Brokerage expects HOOD to launch new crypto-related products
** "We believe HOOD will become more competitive within crypto specifically," says Needham
** Adds that co is positioned to be a major beneficiary of more positive regulations within the crypto space
** Fourteen of 21 brokerages rate the stock "buy" or higher, seven "hold"; their median PT is $62 - LSEG data
** Including session's move, stock up ~69% YTD
(Reporting by Prakhar Srivastava in Bengaluru)
((Prakhar.srivastava2@thomsonreuters.com))
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