Robinhood (HOOD) is the top crypto deregulation play, Bernstein analysts says, upgrading the stock to Outperform. Catalysts Hosts Seana Smith and Madison Mills take a closer look at the note and what it signals about the crypto space under President-elect Donald Trump. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Naomi Buchanan.

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Robinhood Markets is proving to be a big winner from the post-election rally, as the brokerage that pioneered zero-commission trading and pushed into crypto is poised to benefit from President-elect Donald Trump’s light-touch approach to regulation. Robinhood stock is up about 45% since Election Day, putting it on track for its highest closing price in more than three years. Analysts expect the Trump administration’s crypto-friendly stance to benefit Robinhood, which was facing a potential legal fight with the Securities and Exchange Commission over its crypto business.

Ahead of what’s projected to be the largest wealth transfer in history, Robinhood is bringing financial advisers directly to its 24 million customers.

The Schwab rival tied new acquisition to looming wealth transfer, which should benefit its core millennial customers.

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Analysts at Bernstein have identified Robinhood as the leading “crypto deregulation trade” following the recent U.S. elections.

In sync with its strategy to become a one-stop shop for financial services, HOOD announces an agreement to acquire TradePMR.

TradePMR, with over 25 years of industry experience, has more than $40bn in assets under administration.

The broker raised its price target on the trading platform's stock to $51 from $30.

This is what could happen next to Robinhood shares.

Experts say this acquisition will have far-reaching effects on the entire wealth management industry as a generational shift is underway.

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Robinhood has been pushing to grab market share from traditional brokerages such as Charles Schwab and Fidelity Investments in its effort to become to a full-fledged financial services provider. Over the past few months, Robinhood has unveiled a credit card, launched a desktop trading platform, added futures and index options trading and rolled out contracts for betting on the U.S. presidential election. Robinhood's shares, which were up 1.2% in trading before the bell, have gained nearly 175% in 2024.

(Bloomberg) -- Robinhood Markets Inc. agreed to buy TradePMR, a custodial and portfolio management platform for registered investment advisors, as the online brokerage seeks to target a wider swath of wealthier investors. Most Read from BloombergParis to Replace Parking Spaces With TreesNew York’s Transit Agency Approves $9 Congestion TollIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftA Bug’s Eye View of Mexico City’s Modernist ArchitectureAmtrak Wins $300 Million to Fix Its

The brokerage firm will buy TradePMR, which custodies assets on behalf of financial advisors and has more than $40 billion in assets under advisement.

Needham upgraded Robinhood (HOOD) to Buy from Neutral with a $40 price target Donald Trump’s election win stands to “materially benefit the company,” primarily via changes at the SEC, the analyst contends. The firm believes Robinhood is attractively positioned for more crypto asset listings coming, noting that the company has historically limited its product suite to avoid SEC enforcement actions, but with a change in Chair, it believes Robinhood will launch new offerings including the four new

Shares of financial services company Robinhood (NASDAQ:HOOD) jumped 8.3% in the afternoon session after Needham analyst John Todaro upgraded the stock's rating from Hold to Buy and assigned a price target of $40. This price target implies a potential 25% upside from where shares traded before the upgrade was announced.