Robinhood (HOOD) Stock: Three Analysts Just Raised Their Targets. Here’s Why
TLDR
- Mizuho raised its HOOD price target to $140 from $130, maintaining an Outperform rating, citing upcoming AI IPOs as a catalyst for trading volume growth.
- The SpaceX IPO drove a 24% month-over-month rise in equity volumes and a 38% jump in options contracts on the platform.
- Goldman Sachs raised its target to $142 from $124, pointing to early success of Rothera, Robinhood’s prediction-market venture, which generated ~$150M in annualized revenue in its first quarter.
- Jefferies also lifted its target to $140, citing solid business momentum, strong net deposits, and growth in Gold subscribers.
- HOOD carries a Strong Buy consensus from 16 Buy and 2 Hold ratings, with an average price target of $131.73, implying 12% upside from current levels.
Robinhood (HOOD) stock was up more than 2% in pre-market trading Wednesday after falling 3.91% in the prior session. The stock currently trades around $117.34, up roughly 3.75% year-to-date.
The bounce came after Mizuho analyst Dan Dolev raised his price target on HOOD to $140 from $130, a roughly 7.7% increase, while keeping his Outperform rating in place. The new target implies about 16% upside from current levels.
… Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
