Citigroup Raises Robinhood Markets, Inc. (HOOD)’s Price Target To $135, Maintains Neutral Rating

Group 1 - Robinhood Markets, Inc. (NASDAQ:HOOD) has seen its price target raised by Citigroup from $120 to $135 while maintaining a Neutral rating [2] - Piper Sandler also increased the price target for Robinhood from $120 to $140 and reiterated an Overweight rating [2] - The increase in price targets is attributed to elevated trading activity, particularly in prediction markets and sports betting, which is generating approximately $200 million for the platform [3] Group 2 - Robinhood's partnership with Kalshi, a contract exchange, is expected to lead to record volumes in September, driven by the launch of NFL and NCAA Football prediction markets [3]