Robinhood Markets Stock Is Rising Thursday: What's Going On?
Portfolio Pulse from Adam Eckert
Robinhood Markets Inc (NASDAQ:HOOD) shares are trading higher after reporting positive operating data for July and receiving an upgrade from Deutsche Bank. The company saw increases in funded customers, net deposits, assets under custody, and trading volumes across equities, crypto, and options. Deutsche Bank upgraded the stock from Hold to Buy and raised the price target from $21 to $24.
August 15, 2024 | 1:35 pm
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Robinhood Markets Inc (NASDAQ:HOOD) shares are trading higher after reporting positive operating data for July and receiving an upgrade from Deutsche Bank. The company saw increases in funded customers, net deposits, assets under custody, and trading volumes across equities, crypto, and options. Deutsche Bank upgraded the stock from Hold to Buy and raised the price target from $21 to $24.
The positive operating data for July, including increases in funded customers, net deposits, assets under custody, and trading volumes, indicates strong business performance. Additionally, the upgrade from Deutsche Bank and the raised price target provide a positive outlook for the stock, likely driving short-term price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100