Robinhood Stock Rips Higher: What's Driving the Momentum Today?
Robinhood shares are climbing Tuesday. Needham raised its price target on the stock ahead of second-quarter earnings.
A research team gave Robinhood a higher price target (a prediction of where they think the stock could go), which made investors more interested in buying shares today. When experts say good things about a company before it shares its report card, it can make people feel hopeful about what's coming.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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