BUZZ-Needham raises Robinhood PT on product expansion prospects
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Needham has raised its price target for Robinhood (HOOD) from $58 to $71, indicating a potential upside of approximately 13.5%. The brokerage anticipates that Robinhood will launch new crypto-related products, enhancing its competitiveness in the crypto market. Currently, 14 out of 21 brokerages rate Robinhood's stock as 'buy' or higher, with a median price target of $62. Year-to-date, the stock has increased by about 69%.
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