Robinhood price target raised to $172 from $145 at Mizuho

Mizuho raised the firm’s price target on Robinhood (HOOD) to $172 from $145 and keeps an Outperform rating on the shares following the Q3 report. The company’s prediction Markets surpassed $100M in annualized revenue, reaching that milestone in less than a year, and is tracking toward a $300M run rate based on October volumes, the analyst tells investors in a research note. The firm adds that Robinhood’s October data “was very strong” with equity a particular strength. It believes Robinhood “continues to fire on all cylinders.”