Robinhood gets StoneX Buy and $170 target
StoneX Financial assigned a Buy rating and a $170 price target to Robinhood. Analyst Mark Palmer cited the broader business mix as a potential growth driver; Robinhood has 28.4 million funded customers.
StoneX Financial initiated coverage of Robinhood Markets with a Buy rating and a $170 price target. Analyst Mark Palmer cited Robinhood's broader business mix as a potential growth driver. 4 million funded customers and generates activity across more than one line of business.