BUZZ-Robinhood Markets gets 'buy' rating as Truist starts coverage

Reuters12-17 22:09
BUZZ-<a href="https://laohu8.com/S/HOOD">Robinhood</a> Markets gets 'buy' rating as Truist starts coverage

** Shares of online trading platform Robinhood Markets HOOD.O rise 2.02% to $121.81 in premarket trading

** Truist starts coverage of HOOD with a "buy" rating and a $155 PT, a 29.8% upside from its last close

** Broker cites rare combination of high growth, expanding margins and product momentum

** HOOD is on track for its second straight year of 50%+ revenue growth, with ~20%+ modeled for coming years backed by a broader and more balanced mix across crypto and options, brokerage says

** Truist says Robinhood’s rapid product rollout is helping it reach larger, wealthier customers and extend growth into credit cards, institutional trading and Europe

** Robinhood’s high fixed‑cost model delivers strong margins— nearly 60% EBITDA and ~80% incremental, brokerage says

** 19 of 25 analysts rate the stock "buy" or "strong buy", 5 "hold" and 1 "sell"; median PT $155 - data compiled by LSEG

** As of last close, HOOD up 220.5% YTD

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com))

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