Robinhood Is ‘Compelling’ For Fintech Exposure Given Deposits Growth: Analyst

Robinhood Markets Inc. (NASDAQ: HOOD) has received an Outperform rating from analyst Adam Frisch of Evercore ISI, with a price target of $130, citing impressive momentum driven by a rapidly growing user and deposit base. The company is expected to see deposits grow by over 20% as it evolves into a comprehensive financial services provider, integrating various financial offerings. However, potential regulatory challenges regarding prediction markets could pose risks to revenue expansion. As of the report, Robinhood shares decreased by 0.59% to $108.38.