Needham raises Robinhood PT on product expansion prospects
ReutersMay 14, 2025 3:00 PM
Trading platform Robinhood's shares HOOD.O up 0.6% at $62.96
Needham raises PT of HOOD to $71 from $58, a ~13.5% upside to stock's last close
Brokerage expects HOOD to launch new crypto-related products
"We believe HOOD will become more competitive within crypto specifically," says Needham
Adds that co is positioned to be a major beneficiary of more positive regulations within the crypto space
Fourteen of 21 brokerages rate the stock "buy" or higher, seven "hold"; their median PT is $62 - LSEG data
Including session's move, stock up ~69% YTD
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