Robinhood Gets Morgan Stanley Upgrade, Big Price Target Raise on Trump Win

Shares of Robinhood Markets (HOOD) advanced Monday after Morgan Stanley upgraded the stock and more than doubled its price target, saying the online trading platform was among the biggest winners from the presidential election outcome. 

The bank raised its rating to “overweight” from “equal weight,” and boosted Robinhood‘s price target to $55 from $24.

President-elect Trump has called for the U.S. to be the cryptocurrency “capital of the planet,” and the analysts wrote that “potential deregulation enables HOOD to participate more aggressively in crypto.”

Potential Deregulation, Rising M&A and IPOs Bode Well for Trading Platform

They added that post-election “animal spirits” associated with deregulation, along with recovery in mergers and acquisitions (M&A) activity and, eventually, initial public offerings (IPOs), “likely lead to robust retail trading environment into 2025.”

Morgan Stanley boosted its outlook for Robinhood’s revenue growth by 6% for 2025, 13% for 2026, and 21% in 2027, and increased its earnings per share (EPS) guidance by 10%, 28%, and 50%, respectively, over those same years.

Robinhood Markets shares on Monday traded at their highest level since October 2021, recently up more than 2% at $37.53.