
Shares of online trading platform Robinhood Markets HOOD.O rise 2.02% to $121.81 in premarket trading
Truist starts coverage of HOOD with a "buy" rating and a $155 PT, a 29.8% upside from its last close
Broker cites rare combination of high growth, expanding margins and product momentum
HOOD is on track for its second straight year of 50%+ revenue growth, with ~20%+ modeled for coming years backed by a broader and more balanced mix across crypto and options, brokerage says
Truist says Robinhood’s rapid product rollout is helping it reach larger, wealthier customers and extend growth into credit cards, institutional trading and Europe
Robinhood’s high fixed‑cost model delivers strong margins— nearly 60% EBITDA and ~80% incremental, brokerage says
19 of 25 analysts rate the stock "buy" or "strong buy", 5 "hold" and 1 "sell"; median PT $155 - data compiled by LSEG
As of last close, HOOD up 220.5% YTD