From Financial Modeling Prep: 2024-12-03 10:15:00

Piper Sandler analysts increased their price target for Robinhood Markets to $42 ahead of the company’s investor day on December 4. The event is expected to showcase growth momentum and strategic initiatives, including potential new products and services like a Gold credit card.

During the investor day, Robinhood is anticipated to discuss growth algorithm insights, market share expansion among active traders, cryptocurrency offerings, and international expansion plans. The company may also address key performance metrics like average revenue per user and trading volumes across asset classes.

Analysts believe Robinhood’s growth prospects are strong due to new product development, increased retail market participation, and the wealth transfer to younger investors. These factors are expected to drive robust trading volumes and long-term asset growth for the company.



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