Robinhood Delivers Big Earnings Beat Driven by Booming Crypto Trading: Analysts

Robinhood Delivers Big Earnings Beat Driven by Booming Crypto Trading: Analysts

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Source: Coindesk.com

KBW raised its price target to $21.50 from $20; JMP raised its target to $30 from $28. A surge in crypto trading contributed to the 40% year-on-year increase in revenue. Positive momentum continued into April with a record $5 billion in deposits, the analysts said.

Trading platform Robinhood (HOOD)

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Source: Coindesk.com

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