Piper Sandler raises price target on Robinhood stock to $140 from $120 as he forecasts market growth
2025-09-23 12:02:35
According to Bloomberg analyst * Walter Bloomberg, Piper Sandler, a well-known investment bank and financial services company in the United States, has raised its target price of Robinhood ($HOOD) from $120 to $140 in anticipation of market growth. Robinhood has seen strong growth in the forecast market through its partnership with Kalshi. September event contract volume is expected to reach $2.60 billion, with Robinhood users driving 25% to 35% of trading activity. Its annualized revenue exceeded $200 million, which prompted Piper Sandler to raise its EPS forecast from 2025 to 2027.
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