EddieJayonCrypto

 20 Mar 25

tl;dr

Investment bank Compass Point initiated coverage of Robinhood Markets Inc., rating it a buy with a price target of $61. The note highlighted increased average revenue from its 12 million crypto users and an improving U.S. regulatory environment. Compass Point analysts estimated the potential for $66...

Compass Point initiated coverage of Robinhood Markets Inc., rating it a buy with a price target of $61 in a note that highlighted increased average revenue from its 12 million crypto users and an improving U.S. regulatory environment.

The analysts estimated an opportunity to generate $665 million from cross-selling to existing U.S. customers and a potential $150 million from staking alone. This reflects traditional finance's surging interest in digital assets, with wider gains in crypto stocks and other risk-on assets.

Robinhood's share price closed up over 6% at just over $42 per share, with recent tailwinds including a 700% surge in fourth-quarter crypto trading revenue, the SEC closing an investigation into its crypto arm, and the launch of a prediction market for the NCAA basketball tournament. According to Compass Point, Robinhood's crypto users provide attractive liquidity for institutional traders.

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 22 Apr 25
 22 Apr 25
 22 Apr 25