Goldman Sachs Maintains Neutral on Robinhood Markets, Raises Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Will Nance maintains a Neutral rating on Robinhood Markets (NASDAQ:HOOD) but raises the price target from $22.5 to $25.
October 14, 2024 | 4:27 pm
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Goldman Sachs has maintained a Neutral rating on Robinhood Markets but increased the price target from $22.5 to $25, indicating a slightly more positive outlook.
The increase in the price target from $22.5 to $25 suggests a more optimistic view on Robinhood's future performance, which could positively influence investor sentiment and potentially lead to a short-term price increase. However, the Neutral rating indicates that the analyst does not expect significant outperformance compared to the market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100