JP Morgan Maintains Underweight on Robinhood Markets, Raises Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Kenneth Worthington maintains an Underweight rating on Robinhood Markets (NASDAQ:HOOD) but raises the price target from $17 to $21.
October 17, 2024 | 2:30 pm
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JP Morgan has maintained an Underweight rating on Robinhood Markets but increased the price target from $17 to $21, indicating a slightly more positive outlook.
The increase in price target suggests a more optimistic view on Robinhood's future performance, but the maintained Underweight rating indicates continued caution. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100