Deep Tide TechFlow News, on February 11, according to The Block, Bernstein analyst stated that the 38% decline in Robinhood's cryptocurrency revenue reflects a "volatility" that is only temporary. The company's stock has fallen 24% since the beginning of the year, and the current stock price has already priced in the most pessimistic scenario.
The analyst pointed out that besides the cryptocurrency business, Robinhood has structural growth points, including the forecasted market business with annual recurring revenue (ARR) reaching $435 million, and plans to expand Robinhood Chain's scale by 2026. Bernstein believes the company's stock has an 87% upside potential.
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Deep Tide TechFlow News, on February 11, according to The Block, Bernstein analyst stated that the 38% decline in Robinhood's cryptocurrency revenue reflects a "volatility" that is only temporary. The company's stock has fallen 24% since the beginning of the year, and the current stock price has already priced in the most pessimistic scenario.
The analyst pointed out that besides the cryptocurrency business, Robinhood has structural growth points, including the forecasted market business with annual recurring revenue (ARR) reaching $435 million, and plans to expand Robinhood Chain's scale by 2026. Bernstein believes the company's stock has an 87% upside potential.