Robinhood Volatilty in First Week With Venture Capital Firms Offer $100 Million Shares After HOOD Price Spike


Piper Sandler initiated coverage of Robinhood (HOOD) with a Neutral rating and $47 price target.

Firm believes Robinhood is an industry leader revolutionizing the e-brokerage space, democratizing finance, and making investing available to the masses. The firm notes there are risks – both regulatory and related to growth.