Robinhood price target raised to $23 from $22 at KeyBanc

KeyBanc analyst Alex Markgraff raised the firm’s price target on Robinhood to $23 from $22 and keeps an Overweight rating on the shares ahead of quarterly results. The firm says buy-side estimates likely reflect intra-quarter updates/high incremental margins. Stock has had meaningful run year-to-date despite recent pull back, KeyBanc adds.