Robinhood jumps after robust growth in assets under custody in February
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March 14, 2024 11:15 AM EDT
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
March 14, 2024 10:38 AM EDT
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
