Robinhood price target raised to $12 from $10 at Citi

Citi raised the firm’s price target on Robinhood to $12 from $10 and keeps a Neutral rating on the shares post the Q2 report. The stock has benefited from improving retail activity trends in recent periods, which could persist near-term if the market continues to move higher, the analyst tells investors in a research note. Despite some positive volume tailwinds of late, the firm’s outlook “remains somewhat mixed.” It prefers to wait on the sidelines for now.