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Three analysts raised their Robinhood targets between Oct. 5 and Oct. 9. The HOODUSDT perpetual contract traded at $109.34 at 6 a.m. ET Oct. 10.
Robinhood quietly bought Bitcoin for its own treasury the same morning its stock shed over $2 billion in market value, but the crypto purchase and the selloff tell completely different stories about where this company is actually heading.
Morgan Stanley raised their price target on shares of Robinhood Markets from $150.00 to $160.00 and gave the stock an "overweight" rating in a research report on Friday.