BUZZ-Robinhood Markets gets 'buy' rating as Truist starts coverage
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Truist initiates coverage on Robinhood Marketswith a 'buy' rating and a $155 price target, citing high growth, expanding margins, and product momentum. Shares rise 2.02% to $121.81 in premarket trading. Robinhood is expected to achieve over 50% revenue growth for the second consecutive year. The company is expanding into credit cards, institutional trading, and Europe. 19 of 25 analysts rate the stock as 'buy' or 'strong buy'.
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