Add as a preferred source on GoogleEvercore ISI Keeps Robinhood at Buy on Crypto, Tokenized Asset Growth
The firm cited Robinhood’s expansion into digital assets, prediction markets and tokenized assets, along with user growth and business diversification.
Evercore ISI maintained a Buy rating on Robinhood, pointing to the company’s expansion across digital assets, prediction markets and tokenized assets as potential long-term growth drivers.
The firm also highlighted Robinhood’s user growth and broader business diversification. Those developments may strengthen the company’s long-term prospects even as its stock has underperformed this year.
Robinhood has continued expanding its crypto business and launched products including tokenized stocks. The firm said the market may be underestimating Robinhood’s future growth potential.
The rating was reported Oct. 12.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.