Why Robinhood's Arrow Points Higher Today

Forget the meme stocks. Buy Robinhood stock instead. Robinhood Markets (HOOD 10.38%) stock shot higher Friday afternoon after BofA Securities analyst Craig Siegenthaler double-upgraded the stock from "underperform" to "buy" and added another $10 to his previous $14 price target. As of 12:30 p.m. ET, Robinhood stock is up 12%. What Bank of America says about Robinhood stock Bank of America initiated coverage of Robinhood stock shortly after its 2021 initial public offering (IPO), at a time when retail engage ...