Analysts have updated coverage and raised price targets on Robinhood Markets, Inc. (NASDAQ:HOOD) after the company hosted its first investor day on Wednesday and showed significant growth across customers, assets under custody and trading volumes.
Expert Ideas: Goldman Sachs analyst James Yaro assumed coverage of Robinhood Markets on Thursday and upgraded the stock from Neutral to Buy with a $46 price target. The analyst highlighted the firm’s growth as driven by continued wallet share gains among active traders and sees a long-term opportunity for Robinhood to expand into other areas, including wealth management and international markets.
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“HOOD has successfully migrated from a fast growing, periodically profitable …
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