Robinhood Markets, Inc. (NASDAQ: HOOD) has been identified as one of the 14 Most Promising Fintech Stocks to Invest In. Cantor Fitzgerald recently lowered its price target on HOOD from $155 to $152 but maintained an Overweight rating on the stock.

Robinhood Markets, Inc. (NASDAQ: HOOD) has announced agreements to acquire two Indonesian companies, PT Buana Capital Sekuritas and PT Pedagang Aset Kripto, to expand into Indonesia, a major crypto hub in Southeast Asia. This move is expected to accelerate the company’s global expansion efforts.

Indonesia is a leading adopter of cryptocurrency with 19 million capital markets investors and 17 million crypto investors. Cantor Fitzgerald views Robinhood’s acquisitions as a strategy to grow its total addressable market and speed up international expansion, with the deals projected to close by the first half of 2026.

Robinhood Markets, Inc. (NASDAQ: HOOD) is a US-based financial services and technology company that enables users to invest in stocks, options, futures, and cryptocurrencies via its platform.

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Disclosure: None. This article was originally published on Insider Monkey.

Read more at Yahoo Finance: Cantor Cuts Robinhood (HOOD) Price Target, Keeps Overweight Rating