Keybanc analyst Josh Beck maintained Robinhood Markets Inc (NASDAQ:HOOD) with an Overweight and raised the price target from $15 to $22.
The analyst refreshed his HOOD model as they approach the end of the quarter, incorporating HOOD disclosures and KBCM estimates.
His revised fiscal 2024 transaction revenue estimate assumes equity, option contract, and crypto volume growth of 25%, 14%, and 83% quarter-on-quarter, respectively, leveraging previously disclosed monthly metrics from HOOD and third-party data for March and stable rebate levels.
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Beck’s net interest revenue revision principally assumes a larger interest-earning balance.
His fiscal 2025 top-line estimate moves higher ...