KeyBanc analyst Alex Markgraff raised the firm’s price target on Robinhood (HOOD) to $135 from $120 and keeps an Overweight rating on the shares after the company hosted its second annual HOOD Summit product event for active traders and introduced short selling, new Cortex AI tools, a social platform, and “much more.” The firm thinks the new products can drive incremental trading volume for Robinhood and continue to help consolidate active trader wallet share on platform, the analyst tells investors.
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