Barclays analyst Benjamin Budish noted that the company announced a number of new features during its crypto event in France. One of those features was U.S. stock tokens for EU customers, which Barclays called “interesting” as this allows Robinhood (HOOD) to immediately roll out U.S. stock trading across the EEA. While many of these offerings were generally expected, what stood out to Barclays was Robinhood’s relentless focus on the user experience, product velocity, and low cost, which were very much on display, the firm told investors in a research note. Barclays reiterated an overweight rating and $57 price target on the stock.
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