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Crypto

Robinhood Stock Soars on Bitcoin Price Surge

Guavy AI Editorial Team
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BTC
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Riding high on the coattails of bitcoin's price surge, Robinhood stock has jumped nearly 17% to reach $124.48.

This marks the biggest gain for the S&P 500, and several analysts are now more bullish than ever on the stock.

Crypto-related stocks like Coinbase and Mara Holdings also saw significant gains of 10% and 11%, respectively.

Morgan Stanley recently upgraded Robinhood to 'overweight' with a target price of $150, citing continued asset growth and wallet share gains due to its expanding product offerings.

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