The initiation of coverage by Keefe, Bruyette & Woods with a Market Perform rating and a price target of $20 suggests a neutral outlook on Robinhood Markets' stock in the short term. This rating indicates that the analyst believes the stock will perform in line with the market or its sector, neither significantly outperforming nor underperforming. The announcement of a specific price target provides a benchmark for investors but does not imply a strong bullish or bearish stance.