Barclays analyst Benjamin Budish says Robinhood (HOOD) last night announced a new social media platform along with several other features, including stock shorting, new charting and stock screening capabilities. The company continues to deliver new features at a relatively quick pace, the analyst tells investors in a research note. Barclays thinks the new features “appear to be sleek and user friendly.” It keeps an Overweight rating on Robinhood shares with a $120 price target
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HOOD:
- Robinhood fills ‘glaring product gap’ with short selling, says Piper Sandler
- Robinhood price target raised to $145 from $120 at Mizuho
- Robinhood Lifts Its HOOD and Unveils Social Trading, Futures, and New AI Features
- Robinhood introduces ‘Robinhood Social’ feature
- Robinhood Product Manager introduces ‘Custom Scans’ widget within Cortex