Robinhood price target raised to $57 from $50 at KeyBanc

KeyBanc analyst Alex Markgraff raised the firm’s price target on Robinhood (HOOD) to $57 from $50 and keeps an Overweight rating on the shares. The firm says survey results leaned positive for Robinhood as it observed several notable data points across near-term product initiatives. A step up in Gold subscriber intent screened positive. Respondent interest in futures trading continues to surprise and up ticked in KeyBanc’s current survey. Finally, appetite to take investment advisory services is both a validation of strategic direction and a signal that supports the continual addition of longer-duration assets, the firm adds.