From Financial Modeling Prep: 2024-11-18 12:16:00

Piper Sandler analysts raised Robinhood Markets’ price target from $30 to $36 with an Overweight rating, causing shares to jump over 7%. The revision reflects optimism in Robinhood’s growth potential during the cryptocurrency market rally driven by Bitcoin halving events every four years. This positions Robinhood well to benefit from increased retail engagement and transaction volumes.



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