Robinhood Markets and Coinbase both drew favorable Wall Street coverage on Friday tied in part to their cryptocurrency businesses. Robinhood stock and Coinbase stock both rallied for a fourth straight day,

Shares of Robinhood Markets (NASDAQ: HOOD) were gaining today after the company agreed to pay $45 million to settle claims with the Securities and Exchange Commission (SEC), and it received two high-profile endorsements from Wall Street analysts.

Wall Street analysts see Robinhood benefiting from deregulation and crypto expansion, with bullish calls from Morgan Stanley and Bernstein.

Online trading firm Robinhood Markets has agreed to pay $45 million to settle U.S. Securities and Exchange Commission charges over record keeping, trade reporting and other rule violations, the regulator said on Monday.

Robinhood Markets, Inc. (NASDAQ:HOOD) shares are trading slightly higher in the premarket session on Tuesday. The U.S. Securities and Exchange Commission (SEC) announced that Robinhood Securities LLC and Robinhood Financial LLC will pay a combined $45 million in civil penalties to settle a series of regulatory violations.

Shares of Palantir surged 340% in 2024, making it the top-performing stock in the S&P 500.

Robinhood's stock performance has been robust, with shares up approximately 200% in 2024. The company recently settled regulatory issues dating back to 2018 with the SEC for $45 million, a move that has been fully accounted for in the previous year's accruals.

In a report released today, Gautam Chhugani from Bernstein maintained a Buy rating on Robinhood Markets (HOOD – Research Report), with a price