Mizuho analyst Dan Dolev has reiterated a Buy rating on Robinhood Markets, Inc. (NASDAQ:HOOD), raising the price forecast from $17 to $20. The upgrade is based on higher trading volumes, an expanding product portfolio, and solid geographic reach. Robinhood reported a growth in total funded customers to 23.6 million, an acceleration in Assets Under Custody (AUC) to ~$120 billion, and the highest trading activity since January 2022. Net deposits for the quarter have already surpassed $7 billion, exceeding the previous high of $4.6 billion. Dolev highlights Robinhood's potential in AI and international expansion, particularly in Asia, and expects FY24 revenues to grow by 11% to $2.078 billion.