Investing.com -- Deutsche Bank maintained its Buy rating and $134 price target on Robinhood Markets following the company's annual Summit event "Engines of Creation" held Monday and Tuesday.

Chief Executive Vlad Tenev and the management team announced several new products aimed at active traders during the event. The company introduced Robinhood Agents, an AI-native experience, and launched perpetual futures and company financial KPI event contracts for U.S. customers. The brokerage also expanded equity trading to operate around the clock, including weekends.

Deutsche Bank analysts described the launches as a strategic move to bring institutional-grade tools to Robinhood's retail customer base.

The bank views the announcements as evidence of the company's increasing product development speed and continued growth across artificial intelligence, prediction markets, cryptocurrency trading, and market access.

Deutsche Bank noted that while these initiatives will require time to reach scale, the expanding range and complexity of the platform could increase user engagement and boost the company's share of customer trading activity.

The bank did not change its financial estimates for Robinhood in its report following the summit.