BofA raised the firm’s price target on Robinhood (HOOD) to $166 from $157 and keeps a Buy rating on the shares after the company reported a Q3 profit beat driven by transaction revenues, net interest income and a lower tax rate. The firm, which believes Robinhood is positioned to perform well long-term as the broker continues to scale its business, launch additional products, deepen current client relationships, and expand its total addressable market, has raised its Q4, 2026 and 2027 EPS estimates.
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