Robinhood Analyst Projects 31% Upside, Says Trading Platform 'More Batman Than Robin'
Portfolio Pulse from Surbhi Jain
Wolfe Research analyst Steven Chubak upgraded Robinhood Markets Inc. (NASDAQ: HOOD) from Peer Perform to Outperform, citing strong growth prospects and a durable earnings trajectory. Chubak set a new price target of $29, implying a 31% upside. The upgrade is based on robust EPS growth projections and strong free cash flow generation.
June 26, 2024 | 6:40 pm
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Wolfe Research upgraded Robinhood Markets Inc. (NASDAQ: HOOD) to Outperform with a new price target of $29, implying a 31% upside. The upgrade is driven by strong growth prospects, robust EPS growth projections, and strong free cash flow generation.
The upgrade from Wolfe Research, along with a significant price target increase, is likely to boost investor confidence and drive short-term stock price appreciation. The focus on fundamental strengths and growth initiatives further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100