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.”
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:
- Mixed options sentiment in Robinhood with shares down 3.23%
- Robinhood price target raised to $120 from $71 at Needham
- Robinhood price target raised to $120 from $110 at Piper Sandler
- Robinhood price target raised to $106 from $89 at Keefe Bruyette
- Robinhood price target raised to $130 from $125 at Citizens JMP