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Stock impact report

Wall Street Firms Tout Robinhood Markets, Inc. (HOOD) Prospects amid Prediction Market Opportunity [Yahoo! Finance]

Robinhood Markets, Inc. - Class A (HOOD) 
Company Research Source: Yahoo! Finance
reiterated an Overweight rating on Robinhood Markets Inc (NASDAQ:HOOD) and maintained a $155 price target. According to the research firm, Robinhood Markets is one of the top companies well poised to capitalize on emerging retail trading trends. That's because it boasts unmatched brand recognition among US Gen Z and millennial traders. Additionally, it is positioned to benefit from changing investor demographics. Piper Sandler is also confident in the current management team's ability to identify emerging trends, understand customer needs, and execute rapid go-to-market strategies. The company's prediction market, launched in 2025, has become the fastest-growing product, generating over $300 million in annualized revenue. The product has allowed the company to diversify its revenue streams. Earlier on December 16, analysts at Mizuho also touted Robinhood stock as an Outperform with a $172 price target. The positive stance reflects the firm's confidence in the company's growth pr Show less Read more
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