Wall Street Heavyweights Bet Big on Robinhood’s Transformation

A significant shift is occurring in how major financial institutions view Robinhood Markets. The trading platform, once primarily associated with retail meme-stock enthusiasts, is now commanding serious attention from professional investment firms. Recent data reveals that over 93% of the company’s shares are held by institutional investors, signaling a substantial vote of confidence from the professional money management community.

This institutional embrace coincides with a wave of positive analyst action, raising questions about whether the company is undergoing a fundamental reassessment of its investment merits.

A clear consensus is forming among Wall Street research firms. Barclays reinforced its “Overweight” recommendation while lifting its price objective from $102 to $120. In an even more bullish move, Bank of America Securities elevated its... Read more...