Rosenblatt Starts Robinhood Coverage With a $135 Price Target
Photo: TokenPost
Robinhood (HOOD) received a $135 price target from Rosenblatt Securities on Oct. 20, while JPMorgan also raised its target, setting contrasting analyst views ahead of the company’s Oct. 27 earnings report. Rosenblatt analyst Chris Brendler initiated coverage with a buy rating. JPMorgan raised its target from $103 to $115 that day but kept its neutral rating, putting its target $20 below Rosenblatt’s. Robinhood shares rose about 4.16% on Oct. 21 and closed near $102.29. Brendler’s rationale focused on Robinhood’s expansion beyond its original trading app.
Source: TokenPost
