Robinhood's New Index Options & Futures Could Boost Market Share, Analyst Says
Portfolio Pulse from Anusuya Lahiri
Piper Sandler analyst Patrick Moley has raised the price target for Robinhood Markets, Inc (NASDAQ:HOOD) to $30, citing new revenue opportunities from index options and futures. Robinhood's new offerings could attract active retail traders from competitors, potentially boosting market share.
October 21, 2024 | 4:13 pm
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Piper Sandler raised Robinhood's price target to $30 due to new index options and futures, which could increase market share by attracting active traders from competitors.
The introduction of index options and futures is expected to enhance Robinhood's revenue, leading to a price target increase by Piper Sandler. This move could attract active traders from competitors, potentially boosting market share.
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