Robinhood jumps after robust growth in assets under custody in February

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Go back to Robinhood jumps after robust growth in assets under custody in February

Robinhood Markets (HOOD) PT Raised to $20 at Mizuho, 'Strong February Trends Solidify Our Bullish Stance'

March 14, 2024 11:15 AM EDT

Mizuho analyst Dan Dolev raised the price target on Robinhood Markets (NASDAQ: HOOD) to $20.00 (from $17.00) while maintaining a Buy rating.

The analyst comments "HOOD reported February metrics last night which shined across the board. The stock is reacting positively today. AUC accelerated to... More

Buy Robinhood (HOOD) stock to play 'a monster of a crypto cycle' - Bernstein

March 14, 2024 10:38 AM EDT

The crypto market rally is continuing, and analysts at financial research firm Bernstein believe Robinhood (NASDAQ: HOOD) is a stock to consider to play "a monster of a crypto cycle over 2024-25."

Robinhood's stock jumped Thursday after reporting its February operating date, which saw funded customers at the end of the month rise approximately 130 thousand from January 2024.

Meanwhile, assets under custody (AUC) at the end of February were $118.7 billion, up 16% from January 2024. Net deposits were $3.6 billion in February, translating to a 42% annualized growth... More