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Robinhood Stock Gets a Double Upgrade on ‘Rebounding Retail Engagement.’

Angela Palumbo
·1-min read
Robinhood Stock Gets a Double Upgrade on ‘Rebounding Retail Engagement.’

Robinhood Markets stock was climbing Friday after a BofA Securities analyst double upgraded the trading platform, saying retail investors are becoming more active. BofA Securities analyst Craig Siegenthaler raised his call on Robinhood to Buy from Underperform and raised his price target to $24 from $14. Shares of Robinhood were up 8.4% to $19.41, on pace to have their largest percentage increase since Feb. 14, according to Dow Jones Market Data.

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