Bernstein Suggests Robinhood as the Foremost Crypto Deregulation Play.

Bernstein raised its price target for Robinhood (HOOD) to $51 from $30, while maintaining its “outperform” rating, forecasting that the trading platform stands to gain significantly from a potential shift in U.S. Securities and Exchange Commission (SEC) policy under a pro-crypto Donald Trump administration.

In early trading, Robinhood’s stock rose by more than 2%, reaching around $36, in response to the updated forecast.

The report highlighted that Robinhood has been operating within a regulatory framework that has limited its cryptocurrency offerings. Currently, the company lists only 19 tokens and has not generated any revenue from staking, lending, or stablecoins.

However, Bernstein analysts believe that this could change with a potentially more crypto-friendly SEC. “With a new pro-crypto SEC, we anticipate Robinhood will be the biggest beneficiary of regulatory tailwinds,” the analysts stated.

Robinhood is expected to expand its revenue by adding more cryptocurrencies and launching new product offerings within the crypto space. The firm also noted that Robinhood’s acquisition of Bitstamp and its European platform could enhance its crypto services by enabling features like staking and lending.

Recently, Robinhood expanded its crypto offerings by adding Solana (SOL), Pepe (PEPE), Cardano (ADA), and XRP (XRP) following Trump’s election victory, and now offers 19 cryptocurrencies for U.S. users.