Robinhood price target raised to $115 from $105 at Mizuho

Mizuho analyst Dan Dolev raised the firm’s price target on Robinhood (HOOD) to $115 from $105 and keeps an Outperform rating on the shares. The SEC ended the long-standing $25,000 minimum tied to the pattern day trader rule, replacing it with broker-determined intraday margin requirements, the analyst tells investors in a research note. The firm views the move as “structurally positive” for Robinhood, but adds its proprietary survey of 160 traders with less than $25,000 suggests the near-term impact is modest. However, with over 80% reporting being constrained by the old rule, trading activity could increase by 3%, Mizuho estimates. The firm says Robinhood is “over-indexed to smaller balances.” Mizuho estimates 25% of its funded accounts are affected, translating to 1%-2% upside to fiscal 2027 sales estimates.