HOODHOODRobinhood Markets, Inc. Class A
$119.35
24h
-1.33%
Wall St EngineWall St Engine
11 Sep, 11:30

Price target raised to $165 on Robinhood Chain revenue expectations

Bullish+5.31%

AI Summary

Citizens raised its price target on Robinhood (HOOD) to $165 based on expected revenue from Robinhood Chain reaching $365M annually by 2027.

Citizens expects Robinhood Chain to generate about $365M in net revenue for $HOOD in 2027, or roughly $1M per day. Its estimate assumes underlying sequencer revenue runs about 65% below the recent 7-day average. Citizens raised its price target to $165. https://x.com/wallstengine/status/2098373599103177177/photo/1

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