Robinhood price target raised to $65 from $55 at BofA

BofA raised the firm’s price target on Robinhood (HOOD) to $65 from $55 and keeps a Buy rating on the shares after the company reported better-than-expected EPS of $1.01, or 60c excluding a $359M deferred tax benefit from the release of the company’s valuation allowance. The firm, which expects there could be acceleration in crypto volumes through 2025 as the pro-crypto administration clears regulatory uncertainty and more money flows into the space, has increased its Q1, 2026 and 2027 EPS estimates.