On July 21, Robinhood rose 3.04% in pre-market trading, trading at $102.22/share, with turnover of $2.98 million.

On the news front, Bernstein raised its price target on Robinhood from $130 to $160 while maintaining an Outperform rating. The firm stated that investors are overlooking a broad industry shift that could propel the trading platform beyond its traditional stock and crypto trading boundaries to complete a full business transformation.

This marks the latest in a series of analyst upgrades, following Goldman Sachs raising its target to $137, Morgan Stanley to $124, Barclays to $122, and Compass Point to $130 in recent weeks. The consensus mean price target now stands at $122.67 with an average overweight rating. Notably, the pre-market strength comes despite persistent selling pressure from Ark Invest, which has reduced its Robinhood position by approximately $25.7 million over the past two weeks, and CEO Vladimir Tenev planning to liquidate nearly $80 million in shares.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)