B of A Securities Upgrades Robinhood Markets to Buy, Raises Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has upgraded Robinhood Markets (NASDAQ:HOOD) from Underperform to Buy and raised the price target from $14 to $24.
May 17, 2024 | 10:23 am
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POSITIVE IMPACT
B of A Securities has upgraded Robinhood Markets from Underperform to Buy and increased the price target from $14 to $24, indicating a positive outlook for the stock.
The upgrade from Underperform to Buy and the significant increase in the price target from $14 to $24 by B of A Securities suggests a strong positive outlook for Robinhood Markets. This is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100