JMP Securities raised the firm’s price target on Robinhood (HOOD) to $53 from $40 and keeps an Outperform rating on the shares. Robinhood’s management delivered a “compelling” long-term roadmap at its inaugural Investor Day that supports the firm’s view that Robinhood’s best days are still ahead, the analyst tells investors in a research note. The event outlined a vision of of growth, expense control, and capital optimization, which can support additional step-functions in the earnings power over time and, in turn, can still drive material shareholder value creation from here, JMP says.
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Read More on HOOD:
- Robinhood price target raised to $47 from $30 at KeyBanc
- Robinhood price target raised to $42 from $36 at Deutsche Bank
- Robinhood CEO says ‘keenly looking into’ sports betting space
- Robinhood Markets Sees Surge in November 2024 Metrics
- Robinhood reports customer net deposits of over $5B in November
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
