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Deutsche Bank raised its Robinhood price target to $105 from $103 and reiterated a ‘Buy’ rating.
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Argus expects Robinhood to remain in a high-growth phase as it adds brokerage customers and expands products aimed at younger investors.
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Robinhood reported record June trading volumes across equities, options, and prediction markets.
Robinhood Markets Inc. (HOOD) continues to win support from Wall Street analysts, with Argus forecasting years of growth ahead and Deutsche Bank raising its price target on the stock.
Deutsche Bank raised its price target on Robinhood to $105 from $103 while maintaining a ‘Buy’ rating on the shares.
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