Compass Point raised the firm’s price target on Robinhood (HOOD) to $96 from $64 and keeps a Buy rating on the shares. The shares are up 122% year-to-date as Robinhood’s business is “clicking on all cylinders,” the analyst tells investors in a research note. The firm says that while the valuation is “getting more expensive,” Robinhood offers “exposure to multiple thematic trends.” In the near-term, the stock could take a “breather” after Monday’s crypto event, but there are enough catalysts in 2025 that can push shares higher, contends Compass Point.
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