Reported 2 days ago
Citizen JMP has raised its price target for Robinhood Markets, Inc. (NASDAQ:HOOD) from $130 to $170, while maintaining an Outperform rating on the stock. Analyst Devin Ryan noted significant increases in capital markets and financial technology stocks since April, driven by a resurgence in market activity and robust institutional trading. Despite acknowledging stretched valuations, Ryan sees attractive investment opportunities within the sector.
Source: YAHOO