BofA analyst Craig Siegenthaler double upgraded Robinhood to Buy from Underperform with a price target of $24, up from $14. Retail engagement peaked in 2021 and then declined significantly, troughing in 2023, but the firm has monitored a rebound in multiple metrics, including organic growth, margin loan utilization, and year over year trading activity and payment for order flow, and BofA expects this to continue through 2026, the analyst tells investors in a research note. BofA also notes its attractive valuation following increases in EPS and EBITDA.
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