Citigroup Maintains Neutral on Robinhood Markets, Raises Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Christopher Allen maintains a Neutral rating on Robinhood Markets (NASDAQ:HOOD) but raises the price target from $19 to $23.
September 27, 2024 | 6:46 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Citigroup has maintained its Neutral rating on Robinhood Markets but increased the price target from $19 to $23, indicating a more optimistic outlook.
The increase in price target from $19 to $23 suggests a more positive outlook on Robinhood's future performance, which could lead to a short-term positive impact on the stock price. However, the Neutral rating indicates that the analyst does not see a strong buy or sell opportunity, which tempers the potential impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100