Revenue jumped 26% to $64.60 billion for the quarter, beating expectations of $63.4 billion. ・Net income reached $3.83 per ...
Rosenblatt said Robinhood has now become a full financial platform. ・JPMorgan also raised its price target on Robinhood to $115 from $103 and maintained a ‘Neutral’ rating after updating its model.
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Rosenblatt initiated coverage of Robinhood Markets with a Buy rating and a $135 price target in a note on Wednesday, describing the company as one of the best growth stories in the financial sector.