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Investing.com - Mizuho raised its price target on Robinhood Markets (NASDAQ:HOOD) to $145.00 from $120.00 on Wednesday, while maintaining an Outperform rating on the stock. The move comes as Robinhood’s shares trade near their 52-week high of $118.70, having delivered an impressive 500% return over the past year.
The investment firm increased its outlook following the "HOOD Summit 2025 ’Enter the Mainframe’" event in Las Vegas, where Robinhood showcased several product enhancements that Mizuho believes represent "step-function improvements" to attract users and boost engagement. With a market capitalization of $105 billion and strong financial health metrics according to InvestingPro, the company appears well-positioned to execute its growth strategy.
Mizuho highlighted the introduction of Robinhood Social as particularly impressive, noting the feature allows users to follow live trades, discuss strategies, and track portfolios of politicians and hedge funds.
The firm also pointed to Robinhood’s continued pursuit of the "$20bn+ active trader revenue TAM" through enhancements to Legend, its browser-based platform, including overnight index options and short selling capabilities.
Mizuho increased its valuation multiple from approximately 21x to 23x to reflect Robinhood’s growth prospects, which it expects to benefit from expanded capabilities, "especially Social," and noted that Robinhood Cortex, an AI tool for Legend, "will be very complementary" and should "drive activity across the platform." The company currently trades at a P/E ratio of 58.4x, with InvestingPro analysis revealing 12 additional key insights about Robinhood’s valuation and growth potential.
In other recent news, Robinhood Markets has seen a series of noteworthy developments. The company recently held its 2025 HOOD Summit in Las Vegas, where new trading features were unveiled, leading Piper Sandler to maintain an Overweight rating with a $120 price target. Additionally, Robinhood’s inclusion in the S&P 500 index has bolstered its standing, prompting Bernstein SocGen Group to reiterate its Outperform rating with a $160 price target. In partnership news, Robinhood’s Bitstamp platform has been chosen by the House of Doge for the Official Dogecoin Treasury, aiming to enhance stability and transparency in the Dogecoin ecosystem.
Robinhood has also expanded its offerings by launching football prediction markets, allowing users to trade on outcomes of professional and college games through its app. This new feature is part of the Prediction Markets Hub and covers all regular season pro matchups and games for college Power 4 schools and independents. Furthermore, Cantor Fitzgerald has raised its price target for Robinhood to $128, citing strong July data with equity volumes and option contracts increasing by approximately 17% month-over-month. These developments underscore Robinhood’s ongoing growth and innovation in the financial services sector.
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