Robinhood (HOOD) to Acquire Bitstamp
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Bernstein SocGen Group Reiterates Outperform Rating on Robinhood Markets (HOOD)
June 7, 2024 10:43 AM EDTBernstein SocGen Group analyst Gautam Chhugani reiterated an Outperform rating and $30.00 price target on Robinhood Markets (NASDAQ: HOOD)
The analyst comments "Why does it make sense to acquire Bitstamp? HOODs crypto offering within the broker platform offers 15 tokens to retail... More
Mizuho on Robinhood Markets (HOOD): 'Bitstamp Acquisition Could Help HOOD Disrupt Institutional Crypto'
June 6, 2024 8:52 AM EDTMizuho analyst Dan Dolev reiterated a Buy rating and $23.00 price target on Robinhood Markets (NASDAQ: HOOD).
The analyst comments "After disrupting retail trading, we believe that today's acquisition of Bitstamp for $200mn in cash could help HOOD kill two birds with one stone. (1)... More
Robinhood to acquire Bitstamp for $200 million amid crypto push; shares climb
June 6, 2024 8:00 AM EDTRobinhood Markets (NASDAQ: HOOD) announced Thursday it has agreed to purchase cryptocurrency exchange Bitstamp for approximately $200 million in cash, marking its largest deal to date.
HOOD stock rose 3% in premarket trading.
The move comes as Robinhood, the 11-year-old trading app well-known among retail investors, aims to grow into a comprehensive... More
