Goldman Sachs analyst James Yaro raised the firm’s price target on Robinhood (HOOD) to $82 from $81 and keeps a Buy rating on the shares after the company reported its complete May monthly metrics. The final data saw trading volumes even stronger than preliminary results, while the company also saw continued growth of total platform assets, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
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 up 1.81%
- Robinhood funded customers at the end of May of 25.9M
- Mixed options sentiment in Robinhood with shares down 0.94%
- Morning News Wrap-Up: Monday’s Biggest Stock Market Stories
- Warner Bros. Discovery to split up, Qualcomm buying Alphawave Semi: Morning Buzz
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue