Movement Alert｜Robinhood Rises 4.04% in Regular Trading, Mizuho Raises Target to $130 as European Expansion Accelerates

Market Focus

Jul 02

On July 2, Robinhood rose 4.04% in regular trading, trading at $114.23/share, with turnover of $247 million. The rally was driven by Mizuho raising its price target from $115 to $130 while maintaining an Outperform rating, marking the latest in a series of analyst upgrades.

The target price increase follows Goldman Sachs lifting its target to $121 on July 1 and Deutsche Bank raising to $113 on June 30. The consensus mean target now stands at $106.91. Simultaneously, Robinhood announced the launch of commodities, ETF, and forex perpetual futures on its European platform, expanded plans to offer crypto services in the UK, and secured BitGo as institutional wallet and custody provider for Robinhood Chain's mainnet launch. Ark Invest also recently purchased $1.6 million in Robinhood shares, reinforcing institutional confidence.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The rally was driven by Mizuho raising its price target from $115 to $130 while maintaining an Outperform rating, marking the latest in a series of analyst upgrades.</p><p>The target price increase follows Goldman Sachs lifting its target to $121 on July 1 and Deutsche Bank raising to $113 on June 30. The consensus mean target now stands at $106.91. Simultaneously, Robinhood announced the launch of commodities, ETF, and forex perpetual futures on its European platform, expanded plans to offer crypto services in the UK, and secured BitGo as institutional wallet and custody provider for Robinhood Chain's mainnet launch. Ark Invest also recently purchased $1.6 million in Robinhood shares, reinforcing institutional confidence.</p><p>(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.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HOOD","symbol_name":"Robinhood","start_time":0,"source_url":"","article_id":"1116292224","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1116292224","pubTimestamp":1782999087,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On July 2, Robinhood rose 4.04% in regular trading, trading at $114.23/share, with turnover of $247 million. 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