Mizuho analyst Dan Dolev raised the firm’s price target on Robinhood (HOOD) to $65 from $60 and keeps an Outperform rating on the shares. The firm surveyed 107 Robinhood users to determine whether they would be interested in utilizing the Robinhood app for sports betting. While the offering “may be in limbo for now,” the survey shows that two-thirds of Robinhood users already utilize mobile sports betting services like DraftKings (DKNG) or FanDuel, and that 78% of users have interest in using Robinhood for sports betting, the analyst tells investors in a research note. Mizuho increased estimates to reflect crypto strength.
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