Robinhood's stock price has experienced significant growth, with shares rising 70% to clear $35. The stock is up 10% today alone. Bernstein has raised its price target for Robinhood (HOOD) from $30 to $51, citing a year-to-date increase of approximately 170%. The firm attributes this growth to Robinhood's expansion in its crypto offerings, reduced regulatory constraints, and new product lines around cryptocurrency. Bernstein, which was the first to give a $30 price target in March, maintains an Outperform rating on the stock. Robinhood has historically operated within regulatory constraints in its crypto business.