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Why Robinhood Stock Was Bumping Higher Today

TheMotleyFool

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Why Robinhood Stock Was Bumping Higher Today: https://g.foolcdn.com/editorial/images/847590/person-using-a-smartphone-while-seated-at-a-desk-with-a-laptop.jpg

A bullish analyst note was the spark that lit the fire under Robinhood Markets (NASDAQ: HOOD) on Tuesday. Inspired by the update, investors snapped up shares of the next-generation brokerage, and they were trading up by more than 2% in mid-session action.

The note was authored by Mizuho's Dan Dolev, In the analysis, Dolev reiterated his outperform (i.e., buy) recommendation and $172 per share price target on Robinhood's equity.

Image source: Getty Images.

Source Fool.com