Mizuho Increases Robinhood's Price Target Due to Sports Betting Interest

Reported about 7 hours ago

Mizuho has raised its price target for Robinhood Markets (HOOD) from $60 to $65, maintaining an Outperform rating, based on a survey indicating investor interest in using the platform for sports betting. However, the CFTC has requested that Robinhood refrain from allowing customer access to sports event contracts despite initial plans to offer them for the Super Bowl.

Source: YAHOO

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