HOOD - Why Are Robinhood Shares Trading Higher Tuesday? | Benzinga
Robinhood Markets Inc. (NASDAQ:HOOD) saw its shares moving higher on Tuesday following Piper Sandler’s decision to maintain a Neutral rating while raising the price target to $20. This is the first analyst firm to raise its price target in July.
Several analysts weighed in on the stock in June. Here’s a roundup of these analyst adjustments:
- Wolfe Research: Upgraded Robinhood from Peer Perform to Outperform, setting a bullish $29 price target.
- Deutsche Bank: Maintained a Hold rating while raising the price target to $20.
- Citigroup: Maintained a Sell rating but raised the price ...