Movement Alert|Robinhood Rises 3.16% in Regular Trading, Deutsche Bank Raises Price Target Amid Broad Analyst Optimism

Market Focus09-14 22:14

On September 14, Robinhood rose 3.16% in regular trading, reaching $115.3 per share with turnover of $568 million, rebounding from its recent pullback near the $112 level.

The move comes as Deutsche Bank raised its price target on Robinhood to $138 from $136 while maintaining a Buy rating. This adjustment is the latest in a wave of analyst upgrades over the past two weeks. Morgan Stanley double-upgraded the stock to Overweight with a $150 target, citing the prediction markets business as validation of revenue expansion potential, with over 2 million users and $156 million in Q2 revenue from that segment alone. Goldman Sachs lifted its target to $142, Piper Sandler to $145, Mizuho to $140, and Cantor Fitzgerald to $150 — pushing the consensus mean target to $133.06.

The bullish sentiment is underpinned by several strategic developments, including Robinhood's multi-year partnership with OG.com for CFTC-regulated prediction market infrastructure, equity stakes in Crypto.com and OG.com, and the Robinhood Chain generating $42.58 million in revenue within 70 days of launch. Ark Invest also recently purchased 27,083 shares valued at $3.18 million.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment