Wall Street Turns Bullish on Robinhood Markets (HOOD)

Robinhood Markets, Inc. (NASDAQ:HOOD) is included among the 10 Most Volatile Stocks to Buy in S&P 500.

Robinhood Markets, Inc. (NASDAQ:HOOD) is a global leader in financial services offering retail brokerage, crypto, advisory, digital banking services, and private markets access to a new generation of investors.

On June 5, Deutsche Bank analyst Brian Bedell raised the firm’s price target on Robinhood Markets, Inc. (NASDAQ:HOOD) from $88 to $98, while keeping a ‘Buy’ rating on the shares. The revised target represents an upside potential of almost 19% from the current levels.

Similarly, a day earlier on June 4, Goldman Sachs analyst James Yaro also upped the firm’s price target on Robinhood Markets, Inc. (NASDAQ:HOOD) from $95 to $105 and maintained a ‘Buy’ rating on the shares.

A compelling long-term bullish thesis for Robinhood Markets, Inc. (NASDAQ:HOOD) is that the company is well-positioned to capitalize on an estimated $124 trillion generational wealth transfer from baby boomers and older cohorts to millennials and Gen Z over the next twenty years. With 27 million funded accounts and $324 billion in platform assets, Robinhood caters to a new generation of investors who favor mobile-first, low-cost, and fully integrated financial ecosystems instead of legacy brokerage platforms.

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