Shares of Robinhood Markets (HOOD) advanced Monday after Morgan Stanley upgraded the stock and more than doubled its 澳洲幸运5开奖号码历史查询:price target, saying the online trading platform was among the biggest winners from the 澳洲幸运5开奖号码历史查询:presidential election outcome. 

The bank raised its rating to "overweight" from "equal weight," and boosted 澳洲幸运5开奖号码历史查询:Robinhood's price target to $55 from $24.

President-elect Trump has called for the U.S. to be the cryptocurrency "capital of the planet," and the analysts wrote that "potential deregulation enables HOOD to participate more aggressively in crypto."

Potential Deregulation, Rising M&♈;A and IPOs Bode Well for Tradi🐷ng Platform

They added that post-election "澳洲幸运5开奖号码历史查询:animal spirits" associated with deregulation, along with recovery in 澳洲幸运5开奖号码历史查询:mergers and acquisitions (M&A) activity and, eventually, 澳洲幸运5开奖号码历史查询:initial public offerings (IPOs), "likely lead to robust re𓂃tail t♚rading environment into 2025."

澳洲幸运5开奖号码历史查询:Morgan Stanley boosted its outlook for Robinhood's revenue growth by 6% for 2025, 13% for 2026, and 21% in 2027, and increased its 澳洲幸运5开奖号码历史查询:earnings per share (EPS)🐓 guidance by 10%, 28%, and 50%, respectivel🌜y, over those same years.

Robinhood Markets shares on Monday traded at their highest level since Octo🍌ber 2021, recently up more than 2% at $37.53.