Movement Alert|Robinhood Rises 3.03% in Pre-Market Trading, Barclays Significantly Raises Target Price to $122

Market Focus07-10 17:49

On July 10, Robinhood rose 3.03% in pre-market trading, trading at $118.44/share, with turnover of $5.89 million.

On the news front, Barclays raised its target price on Robinhood from $82 to $122, maintaining an Overweight rating, representing a nearly 49% upward revision. This follows Deutsche Bank's target price increase to $120 from $113 just one day earlier, reflecting a broader wave of bullish analyst sentiment. Over the past two weeks, multiple institutions including Mizuho ($130), Compass Point ($130), Autonomous Research ($132), Goldman Sachs ($121), and BTIG ($125) have all upgraded their price targets on the stock.

Fundamentally, Robinhood Chain's ecosystem has seen explosive growth, with DEX daily trading volume surpassing $560 million, daily active addresses approaching 200,000 — over 140,000 of which are new addresses — and the chain's first meme coin Cash Cat exceeding $100 million in market capitalization. The company is scheduled to release Q2 earnings on July 29 after market close, with consensus EPS expectations at $0.41.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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