Piper Sandler raised the firm’s price target on Robinhood (HOOD) to $30 from $27 and keeps an Overweight rating on the shares after the company hosted its first inaugural Robinhood Summit 2024 and introduced a number of new products to its customer base. In addition to the new web-based trading platform, Robinhood reiterated plans to launch index options and futures trading in the coming months and disclosed details on pricing.
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