Citigroup Adjusts Robinhood (NASDAQ: HOOD) Rating and Price Target

Group 1 - Citigroup has adjusted its rating for Robinhood to Neutral and raised the price target from $120 to $135 [1][6] - The Federal Reserve's interest rate cuts have positively impacted the financial sector, benefiting Robinhood's business model [2][6] - Robinhood is experiencing an increase in new account openings, capital inflows, and trading activity, indicating strong financial momentum [3][5] Group 2 - Robinhood's stock is currently trading at $124.89, with a market capitalization of approximately $111 billion and a trading volume of 33.1 million shares [4][6] - Over the past year, Robinhood's stock has seen a significant increase from a low of $22.05, reflecting strong market confidence [5][6] - The recent trading activity has marked a new high for Robinhood's stock price over the past year, indicating robust performance in the current economic conditions [4][5][6]