Robinhood price target raised to $54 from $49 at Barclays

Barclays raised the firm’s price target on Robinhood to $54 from $49 and keeps an Overweight rating on the shares as part of a Q4 preview for the brokers group. Trading activity and account formation generally remained “robust,” and at Robinhood (HOOD) in particular Barclays sees a “very strong beat likely in the quarter,” the analyst tells investors in a research note. The firm continues to be constructive across its brokers coverage into 2025.