Robinhood price target raised to $21 from $20 at Mizuho

Mizuho raised the firm’s price target on Robinhood to $21 from $20 and keeps a Buy rating on the shares. The analyst expects a strong quarter from Robinhood with share gains in equities and options paired with favorable April market trends. The firm increased its Q1 revenue estimate by $38M and sees further potential upside from continued success monetizing the growing Robinhood Gold customer base, along with incremental traction from the recent launch in the UK.