A second Trump term could spell upside ahead for this financial services platform, according to Morgan Stanley.
A second Trump term could mean more gains ahead for Robinhood , according to Morgan Stanley. Analyst Michael Cyprys upgraded shares to overweight from equal weight and more than doubled his price target to $55 from $24, implying 50.1% upside from Friday's close. The stock has already rallied in 2024, seeing year-to-date gains of more than 187%. Shares have also gained more than 35% in the past month and more than 73% in the past three.
mountain HOOD, year-to-date Cyprys noted that Robinhood is one of the biggest beneficiaries from President-elect Donald Trump's White House win in his coverage univers. He said expected deregulation from the incoming administration could allow the financial services platform to participate in crypto more aggressively. With that, as well as a possible recovery in M & A and likely more future IPOs, Cyprys sees a more "robust" retail trading environment heading into next year.
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