Confident in Robinhood with a 105% upside potential! Bernstein: Cryptocurrency market panic is only a short-term phenomenon
After the US online broker Robinhood announced its earnings report, the stock price temporarily plummeted, but research firm Bernstein believed this reaction was excessive and reaffirmed a target price of $160. Despite a 38% year-over-year decline in cryptocurrency revenue in Q4, overall net revenue grew by 27%. Analysts pointed out that Robinhood is shifting towards diversified income streams, with core operational metrics remaining stable. Looking ahead, the company will focus on household finance and asset tokenization, and plans to launch new features to promote growth.
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