Robinhood price target raised to $25 from $23 at KeyBanc

KeyBanc raised the firm’s price target on Robinhood to $25 from $23 and keeps an Overweight rating on the shares. Investment account opening trends and consideration for new and upcoming product offerings like Retirement, Gold Card, and Futures leave the incrementally positive on Robinhood, the analyst tells investors in a research note. The firm sees continued opportunity to take share in crypto and benefit from the duality of both direct and ETF crypto ownership.