Big Crypto Gains Ahead? Why Robinhood Might Soar

If the Securities and Exchange Commission (SEC) turned pro-crypto. That's what analysts are banking on for Robinhood's stock to skyrocket. Gautam Chhugani from Bernstein sees a 44% upside for the online trading platform, especially with former President Donald Trump potentially easing regulatory barriers. Trump's pro-crypto stance could lift Robinhood's restricted crypto business, letting it list more tokens and earn from staking, lending, and derivatives.Robinhood's had a massive year, up 196%, and it could get even better. The SEC, under a new administration, might clarify digital asset rules. This could allow Robinhood to expand its crypto offerings, benefiting from regulatory tailwinds. The stock's already jumped following Trump's victory, listing four more tokens. Wall Street's divided on Robinhood. While some analysts are bullish, others remain neutral or bearish. The average target price even suggests a 17% drop from current levels. It's a mix of optimism and caution, showing the uncertainty around the stock.