** Retail trading platform Robinhood Markets’ HOOD shares rise 4.5% to $36.83 in trading before the bell
** Brokerage Bernstein raises PT on HOOD to $51 from $30, citing positive future for the crypto industry
** Bernstein says HOOD has so far operated under a ‘regulatory-constrained’ environment with fewer listed tokens and no revenue from staking, lending, derivatives or stablecoins, something competing exchanges have done
** But under a new potentially pro-crypto SEC, this looks set to change, and we expect HOOD to be the biggest beneficiary – Brokerage
** Nine of 17 brokerages rate the stock “buy” or higher, 7 “hold” and 1 “sell”; their median PT is $27 – LSEG
** As of last close, HOOD up ~177% YTD
