Robinhood Markets Inc Stock Surges, Expected to Reach Record High
Analysts Predict Average Price of $1485 by 2030
Keybanc Raises Price Target Amidst Overweight Rating
Robinhood Markets Inc. (HOOD) is poised for substantial growth, with analysts predicting an average price target of $1485 by 2030. This bullish outlook is supported by the company's strong fundamentals and the recent surge in its stock price.
According to data compiled by Refinitiv, 16 analysts have provided 12-month price forecasts for Robinhood stock, with an average target of $2138. This suggests a significant upside potential for investors who believe in the company's long-term prospects.
Keybanc, a leading investment bank, has recently maintained its "Overweight" rating for Robinhood and raised its price target from $15 to $21. This move reflects the bank's confidence in the company's growth strategy and its potential to capitalize on the growing digital asset market.
As of July 22, 2024, at 4:00 pm, HOOD was trading at $400 per share. Its current earnings per share (EPS) stands at $0.15, providing further evidence of its robust financial performance.
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