Robinhood Shares Soar 10% to $94 on Price Target Hikes to $115
HOOD•Robinhood shares jumped over 10% to above $94, their highest since early February, after Deutsche Bank raised its price target to $88 and Mizuho lifted its target to $115. Analysts cited strong user interest in the new AI-driven Agentic Trading platform and diversification beyond crypto revenue.
1. Stock Rally and Price Targets
Robinhood shares surged over 10% to more than $94, marking their highest level since early February, after Deutsche Bank raised its price target to $88 and Mizuho lifted its target to $115, reflecting renewed Wall Street confidence in the stock's upside potential.
2. User Interest in AI Trading Platform
A survey of Robinhood users showed nearly 89% would consider opening an account for the new Agentic Trading platform, highlighting strong demand for AI-driven autonomous trading strategies and supporting analysts’ bullish outlook.
3. Diversification Beyond Crypto
Robinhood has accelerated efforts to diversify revenue, expanding offerings in retirement accounts, wealth management, prediction markets, credit products and AI-powered tools to reduce reliance on crypto transaction fees.
