Robinhood's Steady Aim At Prediction Markets is Encouraging, Deutsche Bank Says -- Market Talk

Dow Jones03-25

1249 ET - Deutsche Bank says it remains encouraged by Robinhood Markets' accelerating product roadmap, "most notably around a more comprehensive platform for prediction markets," analyst Brian Bedell says in a research note. Bedell hosted company executives, including CFO Jason Warnick, and says the company also discussed enhanced offerings for active traders within index options, futures, and the Legend desktop platform as well as emphasizing a strong conviction on expense discipline. Bedell reiterates his buy rating and lifts the target price $1 to $62 which represents an approximate 28% upside potential over the next 12 months. Robinhood Markets is off 1.3% to $47.73. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

March 25, 2025 12:49 ET (16:49 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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