Wall Street research firm Citizens JMP Securities has raised its price target on Robinhood Markets Inc. (HOOD) to $165 from $155 while maintaining an Outperform rating, according to a Sept. 11 update cited by BlockBeats. The analyst pointed to the fast expansion of activity on Robinhood Chain and a growing developer ecosystem as the main reasons behind the higher target. In the firm’s view, that momentum could support new product and revenue opportunities tied to tokenization, AI and intelligent finance. The note also said those developments may help drive growth across Robinhood’s trading, lending and stablecoin businesses. The target increase keeps the focus on how the company’s blockchain-related buildout is being factored into equity research coverage.
On Sept. 11, Wall Street research firm Citizens JMP Securities raised its price target on Robinhood Markets Inc. (HOOD) to $165 from $155 and kept its Outperform rating, according to BlockBeats.
The analyst said activity on Robinhood Chain is expanding quickly and that its developer ecosystem is also growing. The firm said that progress could support innovation in tokenization, AI and intelligent finance, while driving growth in Robinhood’s trading, lending and stablecoin businesses.
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