Why Are Robinhood Shares Trading Higher Tuesday？ - Robinhood Markets (NASDAQ:HOOD)

　　Robinhood Markets Inc.HOOD saw its shares moving higher on Tuesday following Piper Sandlersdecision to maintain a Neutral rating while raising the price target to $20. This is the first analyst firm to raise its price target in July.

　　Several analysts weighed in on the stock in June. Heres a roundup of these analyst adjustments:

• Wolfe Research:Upgraded Robinhood from Peer Perform to Outperform, setting a bullish $29 price target.
• Deutsche Bank:Maintained a Hold rating while raising the price target to $20.
• Citigroup:Maintained a Sell rating but raised the price target from $16 to $18.
• JMP Securities:Reiterated a Market Outperform rating and maintained a $30 price target.

　　These adjustments came amidst Robinhoods continued evolution and market positioning.

　　How To Buy HOOD Stock？

　　For Robinhood Markets, which is trading at $22.64 on Tuesday, $100 would buy you 4.42 shares of stock.

　　Photo: Shutterstock.

　　© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.