Behind the Scenes of Robinhood Markets's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Financial analysts have observed a bullish trend in options trading for Robinhood Markets (NASDAQ:HOOD), with 70% of trades showing bullish sentiment. The trading activity suggests a target price range of $9.0 to $15.0 for HOOD over the next three months. Significant trades include both puts and calls, with a notable volume and open interest within the $9.0 to $15.0 strike price range. Robinhood Markets, known for its app-based financial services platform, has seen its stock price increase by 0.56% to $10.84, with a neutral RSI. Analysts from Goldman Sachs and Mizuho have set target prices at $11 and $15, respectively.
February 07, 2024 | 7:30 pm
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Robinhood Markets shows a bullish trend in options trading, with a target price range of $9.0 to $15.0. The stock is currently priced at $10.84, with neutral RSI indicators. Analysts have set target prices at $11 and $15.
The bullish sentiment in options trading, combined with the current neutral RSI and upcoming earnings report, suggests potential for short-term price increase. Analyst ratings support a positive outlook, further indicating a likely upward movement in HOOD's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100