JMP Securities Raises Robinhood Target Price to $165 from $155

Wall Street investment research firm JMP Securities raised its target price for Robinhood (HOOD) to $165 from $155 while maintaining an 'outperform' rating. The firm noted that Robinhood's chain activity is rapidly expanding and the developer ecosystem is growing, which it expects will drive tokenization, AI, and smart finance innovation. Specifically, JMP Securities believes ecosystem expansion will support growth in Robinhood's core businesses including trading, lending, and stablecoin services.