Robinhood Markets Inc is trading 7.2% up now at $89.76 following a bullish price-target hike and growing optimism surrounding its new prediction-markets venture.
- Cantor Fitzgerald raised its price target to $110 and reiterated an Overweight rating, citing the company's new Rothera venture as a major, underappreciated growth driver.
- The stock is extending a sharp multi-day rebound and outperforming the broader market, as major indices and crypto markets trade slightly lower today.