Why Robinhood (HOOD) Stock Is Up Today [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
Truist Securities initiated coverage on the stock with a 'Buy' rating and set a price target of $155. In a separate move, Barclays raised its price target on Robinhood to $171 from $168 while keeping an 'Overweight' rating, anticipating constructive market conditions. The company also unveiled a significant expansion of its prediction markets by introducing features that allowed users to place parlay and prop bets on National Football League (NFL) games. This move aimed to engage users with pro football in new ways and was seen as a potential challenge to traditional sports betting platforms. This business segment has been a key growth area for Robinhood, with its prediction markets having already become the company's fastest-growing product line by revenue. After the initial pop the shares cooled down to $119.90, up 3.3% from previous close. Is now the time to buy Robinhood? Access our full analysis report here Robinhood's shares are extremely volatile and have had 59 moves gr
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