Robinhood Stock Jumps 5% as Analyst Raises Price Target, Citing Explosive Growth in Prediction Markets
Shares of Robinhood (HOOD) rose as much as 5% on Monday as analysts at Compass Point raised their price target on the stock to $161 from $105, citing revenue growth from stock trading, prediction markets and cryptocurrency fees. Compass Point analyst Ed Engel and his team said in a note that they expect the company…