Robinhood price target raised to $155 from $130 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Robinhood (HOOD) to $155 from $130 and keeps an Overweight rating on the shares. Robinhood posted a “record” Q3, with revenue growing 100% year over year amid strength across all areas of the business, the analyst tells investors in a research note. Cantor believes prediction markets are more than just having a moment and that Robinhood’s unique distribution capabilities are resulting in exponential growth.