BUZZ-Bernstein raises Robinhood PT on extended crypto bull market

Reuters
Aug 19
BUZZ-Bernstein raises <a href="https://laohu8.com/S/HOOD">Robinhood</a> PT on extended crypto bull market

** Brokerage Bernstein raises price target of trading platform Robinhood HOOD.O to $160 from $105, citing extended bull run in the crypto markets

** Bernstein expects Bitcoin and other cryptocurrencies to rally through 2026 and peak in 2027, a cycle it says boosts trading volumes at crypto exchanges

** The brokerage sees Trump administration's push to make the U.S. a global crypto hub as a key driver of this extended bull market

** Shares of HOOD rise about 0.6% to $115.7 in pre-market trading

** Analysts also say HOOD's acquisition of Bitstamp and its rollout of staking and tokenized products in Europe will also drive growth

** 16 of 24 brokerages rate the stock "buy" or higher, 7 "hold" and 1 "sell" or lower; their median PT is $114.5 - data compiled by LSE

** As of last close, stock has nearly tripled to gain ~191%YTD

(Reporting by Atharva Singh in Bengaluru)

((Atharva.singh@thomsonreuters.com))

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