Robinhood (HOOD) Reports February 2024 Operating Data

Robinhood Markets (HOOD) PT Raised to $20 at Mizuho, 'Strong February Trends Solidify Our Bullish Stance'

Mizuho analyst Dan Dolev raised the price target on Robinhood Markets (NASDAQ: HOOD) to $20.00 (from $17.00) while maintaining a Buy rating.

The analyst comments "HOOD reported February metrics last night which shined across the board. The stock is reacting positively today. AUC accelerated to... More

Buy Robinhood (HOOD) stock to play 'a monster of a crypto cycle' - Bernstein

The crypto market rally is continuing, and analysts at financial research firm Bernstein believe Robinhood (NASDAQ: HOOD) is a stock to consider to play "a monster of a crypto cycle over 2024-25."

Robinhood's stock jumped Thursday after reporting its February operating date, which saw funded customers at the end of the month rise approximately 130 thousand from January 2024.

Meanwhile, assets under custody (AUC) at the end of February were $118.7 billion, up 16% from January 2024. Net deposits were $3.6 billion in February, translating to a 42% annualized growth... More

Robinhood Markets (HOOD) PT Raised to $16 at Deutsche Bank, 'Positive transaction revenue outlook from February metrics'

Deutsche Bank analyst Brian Bedell raised the price target on Robinhood Markets (NASDAQ: HOOD) to $16.00 (from $12.00) while maintaining a Hold rating.

The analyst comments "Positive transaction revenue outlook from February metrics. We view HOOD's February metrics report as being relatively good overall. Most positively, notional trading volumes were up across all asset classes vs. January levels and trending better than our 1Q estimates (before the metrics print) for equities and options, driven by especially strong equities notional volume of... More