Goldman Sachs Raises Robinhood Price Target to $108, HOOD Surges Over 5.48% During Intraday Trading

BlockBeats News, June 10th, Goldman Sachs analyst James Yaro stated that he maintains a Buy rating on Robinhood and has raised the price target to $108. TipRanks data shows that the analyst has a success rate of 56.8% over the past year with an average return of 8.6%.

According to Bitget market data, Robinhood (HOOD) is currently up 5.48% during intraday trading, trading at $88, still about 23% below the target price of $108.

Robinhood's May operational data was strong, with a stock trading volume of $315 billion, up 27% from the previous month and 75% year-on-year, demonstrating sustained high growth in its core business. Director Meyer Malka's affiliated fund has bought in multiple times in the past week, totaling over $55 million, signaling strong confidence in the market.