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Mizuho Securities maintains Robinhood's "Outperform" rating with a target price of $120.
BlockBeats news, on August 5, according to The Block, Mizuho Securities analysts stated that after meeting with Robinhood CEO Vlad Tenev, they maintained their "outperform" rating on HOOD stock and a target price of $120. The decision to maintain the target price comes just over a month after they raised it from $80 to $99 last month. At that time, analysts praised Robinhood's product iteration speed as "astonishing." According to Rockflow market data, Robinhood's stock price closed up more than 6% on Monday, reaching $106.37 per share.