Cantor Fitzgerald analyst Ramsey El-Assal assumed coverage of Robinhood (HOOD) with an Overweight rating and $130 price target The company’s growth runway keeps getting longer as it capitalizes on secular trends for digital financial services with rapid product innovation and consistent execution, the analyst tells investors in a research note. Robinhood’s younger customer demographic vs. peers also positions the company to capture incremental wallet share as customers’ financial needs expand, and the firm views the company’s current valuation and price levels as attractive, Cantor added.
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