Analyst Upgrades Outperforming Robinhood Stock
Robinhood(HOOD) Schaeffers Investment Research·2024-11-20 22:15
Robinhood Markets Inc (NASDAQ:HOOD) stock is up 4.8% ahead of the open, after Needham upgraded the brokerage platform to "buy" from "hold" and set its price target at $40. The brokerage platform also announced an agreement to acquire TradePMR for approximately $300 million, a move it hopes will increase its investment advisory capabilities. The analyst in coverage noted Robinhood could benefit from new crypto-friendly leadership at the U.S. Securities and Exchange Commission (SEC) after the election. Robinh ...