Robinhood Markets received in-principle approval from the Monetary Authority of Singapore on April 23, 2026. This license allows the firm to offer brokerage services, including securities trading and exchange-traded derivatives. The company also plans to provide custody services to retail investors in the Asia-Pacific region.
Cantor Fitzgerald raised its price target for HOOD to $110 from $95 on the same day. The analyst maintained an overweight rating on the stock. Robinhood shares climbed 2.3% in pre-market trading following the upgrade.
The company is scheduled to release its earnings report on April 28.