Robinhood Markets (HOOD) Stock Jumps 4% as Wall Street Stays Bullish

TLDR Robinhood Markets (HOOD) stock rose 3.8% on Wednesday to $101.93 after Needham lifted its price target to $126 from $123. Rosenblatt started coverage with a Buy rating and a $135 target, while JPMorgan raised its target to $115 and stayed Neutral. A Mizuho survey found 94% of 600+ active users would likely trade single-stock perpetual futures if offered. Insiders sold about $128 million of stock over the past 90 days. The consensus rating is Moderate Buy with an average price target of $130.29. Robinhood Markets (HOOD) stock rose 3.8% on Wednesday after Needham raised its price target. The stock last traded at $101.93, up from a prior close of $98.21. Robinhood Markets, Inc., HOOD It reached a high of $103.15 during the session.

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