Goldman Sachs raised the firm’s price target on Robinhood (HOOD) to $81 from $72 and keeps a Buy rating on the shares. The firm cites the company’s “strong” preliminary May monthly metrics that imply better trading volumes across products, higher margin balances and momentum in assets under custody growth, the analyst tells investors in a research note. Net deposits growth of $3.5M was down from $6.8M in April however, reflecting certain promotions ending, the firm added.
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