Robinhood price target raised to $57 from $45 at Barclays

Barclays analyst Benjamin Budish raised the firm’s price target on Robinhood (HOOD) to $57 from $45 and keeps an Overweight rating on the shares. The company’s Q1 adjusted EBITDA came in a bit softer than expected, but investors were more focused on April results, which on the whole were a bit better than expected, with equities and options at or near all-time records, margin balances down only 5%, and deposits “very strong,” the analyst tells investors in a research note.