Robinhood price target raised to $33 from $30 at JMP Securities

JMP Securities raised the firm’s price target on Robinhood (HOOD) to $33 from $30 and keeps an Outperform rating on the shares. The firm’s thesis is little changed following the Q3 earnings report despite the initial negative share reaction, as September metrics were in line with the firm but slightly below the Street, the analyst tells investors in a research note. October off to a great start, which should provide confidence around positive momentum in the business, JMP says.