Robinhood price target raised to $35 from $34 at Deutsche Bank

Deutsche Bank analyst Brian Bedell raised the firm’s price target on Robinhood (HOOD) to $35 from $34 and keeps a Buy rating on the shares. The firm says that a a conference today, Robinhood CFO Jason Warnick reviewed continued progress around a variety of growth initiatives, including higher crypto pricing, along with the company’s philosophy around operating leverage and capital management. While much of the commentary was consistent with prior communication from management, Deutsche sees a few incremental comments that will support continued appreciation of the shares, the analyst tells investors in a research note.