Robinhood gets a double upgrade from Bank of America from auction prices Watch Video
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⏲ Duration: 2:11 👁 View: 9.3M times ✓ Published: 18-May-2024
Description: #robinhood #bankofamerica #yahoofinance<br/>Robinhood (HOOD) shares are trading higher after the company received a double upgrade from Bank of America. Robinhood now has a Buy rating after previously having an Underperform rating. Bank of America has set a $24 price target, up from $14.<br/><br/>The analysts behind the call point to increasing retail engagement, accelerating organic growth, and large expense reductions as catalysts for the company. Robinhood also reported major cryptocurrency gains in its latest earnings report.<br/><br/>About Yahoo Finance:<br/><br/>Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.