The retail trading platform stock has advanced more than 205% in 2024.
Watch Robinhood stock as the company embarks on an ambitious growth plan, Goldman Sachs said. The bank upgraded online brokerage to buy from neutral. Its $46 per share price target, up from $40, implies 18% upside from Thursday's close. Robinhood held its first ever investor day on Wednesday, which was viewed largely positively from analysts on Wall Street .
mountain Robinhood stock. "HOOD has successfully migrated from a fast growing, periodically profitable online broker servicing mostly younger investors, to a best-in-class top and bottom-line asset under custody compounder with a growing total addressable market ," Goldman Sachs analyst James Yaro said. Yaro thinks Robinhood can benefit in the near-term from growing its market share of active traders using its platform.
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