Deutsche Bank Upgrades Robinhood Markets (HOOD) to Buy
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Robinhood shares rise on July metrics data, Deutsche Bank upgrade
August 15, 2024 8:57 AM EDTRobinhood (NASDAQ: HOOD) saw its shares rise more than 3% on Wednesday following the release of robust July operating metrics and a notable upgrade from Deutsche Bank.
The fintech firm reported a steady increase in key performance indicators, including a 3% month-over-month rise in assets under custody (AUC) to $144.5 billion and a 21% jump in equity notional trading... More
Robinhood (HOOD) Reports July 2024 Operating Data
August 14, 2024 4:06 PM EDTRobinhood Markets, Inc. (Robinhood) (NASDAQ: HOOD) today reported select monthly operating data for July 2024:
Funded Customers at the end of July were 24.2 million (up approximately 70 thousand from June 2024, up over one million year-over-year).Assets Under Custody (AUC) at the end of July were $144.5 billion (up 3% from June 2024, up 53% year-over-year). Net Deposits were $4.2 billion in July, translating to a 36% annualized growth rate relative to June 2024 AUC. Over the last twelve months, Net Deposits were $35.8 billion, translating to an annual growth rate of 38% relative to July 2023 AUC.
Equity Notional Trading Volumes were $104.4... More
Pullback presents attractive entry point for this stock, according to Piper Sandler
August 14, 2024 10:00 AM EDTAnalysts at Piper Sandler upgraded a stock on Monday in reaction to a strong pullback.
According to their note to clients, the recent 27% drop in Robinhood (NASDAQ: HOOD) shares presents an attractive entry point into an innovative, fast-growing brokerage platform. As such, the investment bank upgraded the stock to Overweight.
HOOD, which reached a 52-week high of $24.36 on July 16, 2024, has since dropped significantly to below $19 per share.
Alongside an upgrade, Piper Sandler also raised its price target for Robinhood stock to $23, up from a previous target of $20, based on a valuation of... More
Robinhood Markets (HOOD) PT Raised to $21 at Morgan Stanley
August 13, 2024 4:13 PM EDTMorgan Stanley analyst Michael Cyprys raised the price target on Robinhood Markets (NASDAQ: HOOD) to $21.00 (from $20.00) while maintaining a Equalweight rating.
The analyst comments "Post 2Q24 earnings, we raise 3Q24e EPS by 12c to $0.22 (from $0.10 prior), raise 2024e EPS by... More
