Bullish
Robinhood's HOOD stock rises 15.7% after record blockchain revenue and analyst upgrades.
In the past 24 hours, Robinhood's HOOD stock surged 15.7%, reaching $123.75, following a record $4.6 million daily revenue from Robinhood Chain, its Ethereum Layer 2 network. Additionally, Morgan Stanley upgraded the stock to "Overweight," citing underestimated revenue potential.
Key points
- Robinhood Chain's daily revenue hits $4.6 million, indicating strong blockchain growth.
- Morgan Stanley upgrades HOOD to "Overweight," raising the price target to $150.
- Trading volume exceeds daily average, suggesting increased investor interest.
Sources
AI-generated from public news sources. Not financial advice.
