Robinhood Stock Rises After Reporting User Growth—and Getting an Analyst Upgrade
HOODRobinhood(HOOD) Investopedia·2024-08-16 04:46

Key TakeawaysShares of Robinhood Markets climbed Thursday after the e-brokerage posted strong user data and Deutsche Bank analysts upgraded the stock.Robinhood late Wednesday said it had 24.2 million funded customers at the end of July, up about 70,000 from June.Deutsche Bank raised its rating on the stock to "buy" from "hold," lifting its price target from 21to21 to 24. Shares of Robinhood Markets (HOOD) climbed Thursday after the e-brokerage posted strong user data and Deutsche Bank analysts upgraded the st ...