Robinhood price target raised to $40 from $25 at Goldman Sachs
3 December 2024 at 12:21
Goldman Sachs raised the firmβs price target on Robinhood (HOOD) to $40 from $25 and keeps a Neutral rating on the shares. Since the election, the median payment technology stock in coverage has increased 18%, with higher beta growth names with pro-cyclical exposure, among other factors, outperforming the most, the analyst tells investors in a research note. The firm believes fintech is a net beneficiary of a stronger economy and inflation as well as many of the potential policy changes in the n