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Robinhood's earnings miss and crypto weakness fail to deter Wall Street's bullish outlook
Despite Robinhood's recent earnings miss and a downturn in its crypto business, Wall Street maintains a bullish stance on the company. Bernstein analysts suggest that Robinhood's crypto operations are evolving towards infrastructure, driven by the growing adoption of new products such as prediction markets and perpetual contracts.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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