Citing Jinse, U.S. investment bank Piper Sandler raised its price target for Robinhood (HOOD) from $120 to $140, citing strong growth in prediction markets. Robinhood's partnership with Kalshi has driven significant activity, with estimated September event contract trading volume reaching $2.6 billion, of which 25% to 35% was driven by Robinhood users. The company's annualized revenue has exceeded $200 million, prompting Piper Sandler to increase its earnings per share forecasts for 2025 to 2027.
Piper Sandler Raises Robinhood Target Price to $140 Amid Market Growth
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