Robinhood Rises 4.5% on Wolfe Research Upgrade, $125 Price Target
Robinhood Markets rose 4.5% after Wolfe Research upgraded its rating from peer perform to outperform and set a $125 price target. Trading volume spiked to 40.1 million shares, indicating heightened investor interest.
1. Wolfe Research Upgrade
Wolfe Research moved Robinhood Markets from a peer perform rating to an outperform rating and established a $125 price target, reflecting increased confidence in the company’s growth prospects.
2. Trading Reaction
Shares jumped 4.5% on the upgrade, trading as high as $88.60 before closing at $86.56, with volume surging to 40.1 million shares—substantially above the stock’s recent daily average.
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