Mizuho Securities maintains Robinhood's "Outperform" rating and $120 price target

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On August 5, according to The Block, Mizuho Securities analysts stated that after meeting with Robinhood CEO Vlad Tenev, they maintained an "outperform" rating and a $120 price target for HOOD stock.

Mizuho analysts' decision to maintain the target price comes just over a month after they raised the target price from $80 to $99 last month. At the time, analysts praised Robinhood's product iteration speed as "shocking".

According to Rockflow market data, Robinhood's stock closed up over 6% on Monday, at $106.37 per share.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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