Robinhood price target raised to $120 from $99 at Mizuho

Mizuho analyst Dan Dolev raised the firm’s price target on Robinhood (HOOD) to $120 from $99 and keeps an Outperform rating on the shares. The company reported a “big quarter,” highlighted by accelerating year-over-year growth in funded accounts, the analyst tells investors in a research note. The firm views Robinhood’s focus on asset tokenization and expansion into lending as “particularly interesting.”