Mizuho Securities Maintains Robinhood 'Outperform' Rating and $120 Price Target

BlockBeats News, August 5th, according to The Block, a Mizuho Securities analyst stated that after meeting with Robinhood CEO Vlad Tenev, they are maintaining their "Outperform" rating on HOOD stock and a target price of $120.

This decision by the Mizuho analyst to maintain the target price comes just over a month after they raised the target price from $80 to $99 last month. At that time, the analyst had praised Robinhood's product iteration speed as "amazing."

According to Rockflow market data, Robinhood's stock price closed up over 6% on Monday to $106.37 per share.