Robinhood Sweetens Gold Membership as Bernstein Sets $105 Price Target

Robinhood launched a whole series of new services for Gold members, which can further fade the lines between Fiat and Crypto.

Gold, the premium subscription of the HandelsApp, costs $ 5 per month or $ 50 per year, with 4% interest on non -invested cash and higher thresholds for direct deposits.

By one presentation In San Francisco, the company has unveiled Robinhood strategies, which aims to deliver “tailgers, by expert-managed portfolios”, driven by a team that jointly has more than 50 years of experience in Wall Street for institutional and high network-worthy investors.

In the meantime, Robinhood Banking provides access to traditional payment and savings accounts, tickets for exclusive events such as the Oscars, private jet trips and delivery of cash on the same day to the door of a customer.

An AI-driven investment tool called Robinhood Cortex has also been set to provide “real-time analysis and insights” to discover market opportunities.

The theme in all three brands is to offer benefits that are once reserved for the “ultra-rich” for the general public. “

Analysts at research agency Bernstein said they think that investors’ the full platform of Robinhood ‘undervalued’, in particular because non-acting activities in 2024 were 47% of the company’s turnover.

“Hood also leans in disruptive technologies to reduce the costs of financial access, which are traditionally available for only the Elite (High Net-Waard thresholds) within banking,” Bernstein wrote in a report shared with shared with Decrypt. “Crypto-tokenization brings down the costs of offering commercial accessions, using the blockchain.”

The analysts said they expect Robinhood shares, acting on the Nasdaq under the Hood Ticker, to perform better and set a price target of $ 105.

It is a very bullish prediction. At the time of writing, Hood acts for $ 45.23, after he has won 1.14% on the day.

Yesterday, Robinhood also confirmed that the waiting list for his gold card is now approaching three million – and this week another 100,000 customers will start receiving theirs. This product does not have an annual reimbursement or forex committee and offers up to 5% cashback on purchases.

The Enhanced Gold program comes as Robinhood seems to expand its crypto offer -drained by the SEC that ends his research into the company.

An increase of 700% in turnover of crypto transactions helped Robinhood to achieve a record income of $ 916 million in the fourth quarter – toes higher than the same period in 2023.

At the time, CEO Vlad Teev said that he believes that Robinhood is “uniquely positioned at the intersection of traditional finances and Defi.”

Bernstein agrees and predicts that the company will position itself to “take advantage of the approaching $ 114 trillion great wealth transfer, which will take place in the coming decades as wealth to younger generations.”

Combining banking services with crypto trade could increase access to digital assets – and encourage acceptance to investors who still have to bind in Bitcoin.

It could also give Robinhood the upper hand against banks that still have to start offering crypto products to their customers, even though the clarity of the regulations is slowly starting to arise in the US

Published by Stacy Elliott.