Analysts at Mizuho have maintained a Buy rating on Robinhood Markets (NASDAQ:HOOD) following discussions with the CEO and CFO, setting a $17 price target for its shares.

The analysts praised Robinhood for its recent accomplishments, including being the third most downloaded financial app on the Apple App Store and the success of Robinhood Gold. They also highlighted the company’s effective strategy in gaining market share from competitors and its plans for international expansion, particularly in Asia.

Additionally, Mizuho recognized Robinhood’s strong position in the cryptocurrency market, particularly with Bitcoin, due to competitive fees and investment options.