Piper Sandler raises Robinhood's PT on better-than-expected Q3 trading volumes

** Piper Sandler raises PT on trading platform Robinhood HOOD.O to $140 from $120

** Shares of HOOD rise about 0.6% to $125.6 premarket

** Brokerage expects higher profits in 2025 and 2026 given better-than-expected Q3 trading volumes and more revenue from interest on loans to customers for trading activities

* Also expects trading volumes to rise 150% Q-o-Q following boom in event contract activities

** 16 of 24 analysts rate stock "buy" or higher, seven "hold" and one "sell"; median PT is $125.17 - data compiled by LSEG

** As of last close, HOOD stock up ~235.2% YTD