Goldman Sachs Upgrades Robinhood Markets: Here's What You Need To Know

Goldman Sachs upgraded its rating of Robinhood Markets HOOD to Neutral with a price target of $9.50, changing its price target from $11.50 to $9.50.

Shares of Robinhood Markets are trading up 4.19% over the last 24 hours, at $8.34 per share.

A move to $9.50 would account for a 13.98% increase from the current share price.

About Robinhood Markets

Robinhood Markets Inc is creating a modern financial services platform. It designs its own products and services and delivers them through a single, app-based cloud platform supported by proprietary technology. Its vertically integrated platform has enabled the introduction of new products and services such as cryptocurrency trading, dividend reinvestment, fractional shares, recurring investments, and IPO Access. It earns transaction-based revenues from routing user orders for options, equities, and cryptocurrencies to market makers when a routed order is executed.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.