Robinhood Stock Undervalued As Cryptocurrency Play, Analyst Says: ‘Crypto Market Cap To Reach $7.5 Trillion Vs. $2.6 Trillion Today’
Trading platform company Robinhood Markets (NASDAQ:HOOD) saw shares trade higher Wednesday after market close on the heels of data showing higher February trading and account activity. Here’s what analysts are saying about the latest for the company and how Robinhood could be a cryptocurrency and Bitcoin (CRYPTO: BTC) play: Bernstein analyst Gautam Chhugani initiates Robinhood with an Outperform rating and $30 price target.Goldman Sachs analyst Will Nance reiterates a Neutral rating and has a $13 price target.Related Link: Robinhood Q4 Earnings Highlights – Revenue Beat, EPS Beat, Strong Start…