On July 6, Robinhood rose 3.1% in regular trading, trading at $116.34/share, with turnover of $891 million.

On the news front, Autonomous Research significantly raised its price target on Robinhood from $100 to $132, representing a 32% upward revision. This marks the latest in a series of bullish analyst actions, following Mizuho's target increase to $130 from $115 on July 2, Goldman Sachs raising to $121 on July 1, and Deutsche Bank lifting to $113 from $105 on June 30. According to FactSet, Robinhood now carries an average overweight rating with a mean price target of $108.24.

On the fundamental side, the company recently launched commodities, ETF, and forex perpetual futures products on its European platform, while BitGo announced institutional wallet and custody support for the mainnet launch of Robinhood Chain, an Ethereum Layer 2 network. The company is scheduled to report Q2 financial results on July 29 after market close, with consensus EPS expectations of $0.41.

(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.)