Robinhood price target raised to $77 from $60 at JMP Securities

JMP Securities raised the firm’s price target on Robinhood (HOOD) to $77 from $60 and keeps an Outperform rating on the shares. Robinhood reported a “blowout” quarter, delivering an “excellent” end to a record year, the analyst tells investors in a research note. Robinhood is entering a number of new markets over the next year that are promising, and it is currently operating with tremendous momentum, and JMP sees elevated growth persisting across virtually all aspects of its business, the firm says.