HOOD Stock Hits 4-Month High After Analyst Upgrades – Retail Traders Target $100 By Market Close

• Robinhood shares surged more than 10% on Friday, reaching their highest level since early February.
• Deutsche Bank and Mizuho both raised their price targets on the stock while maintaining bullish ratings.
• Many retail traders on Stocktwits said they believed HOOD’s stock could reach the $100 level before the end of the day if current momentum continues.

Shares of Robinhood (HOOD) rallied to a four-month high on Friday after getting a pair of price target hikes from Wall Street after the launch of Trump Accounts and continued push away from cryptocurrency trade revenue.

HOOD’s stock gained over 10% to over $94, a level last seen in early February. The ticker was among the top trending on Stocktwits. Retail sentiment around Robinhood jumped to ‘extremely bullish’ from ‘neutral’ territory over the past day and chatter surged to ‘high’ from ‘low’ levels. 

The rally came after analysts from Deutsche Bank and Mizuho raised their price targets on HOOD’s stock on Friday, as per TheFly. Bitcoin (BTC) also recovered in afternoon trade. Bitcoin’s price edged 0.7% higher in the last 24 hours to around $73,800, attempting to break past $74,000. Retail sentiment around the apex cryptocurrency on Stocktwits rose to ‘bearish’ from ‘extremely bearish’ territory over the past day. 

HOOD Stock’s Price Targets Hiked

Deutsche Bank raise its price target to $88 from $85, while keeping a ‘Buy’ rating – a threshold that the shares have already breached in afternoon trade. Meanwhile, Mizuho raised its price target on HOOD’s stock to $115 from $110, still leaving room for a potential upside around 22% from current levels. It kept an ‘Outperform’ rating on the shares. 

The brokerage cited a survey of Robinhood users tjat found strong interest in its new Agentic Trading platform. Nearly 89% of respondents said they would consider opening a dedicated account for autonomous trading strategies managed by AI agents. Deustche Bank also credited Robinhood’s recent product announcements for its upgrade.

Robinhood Pushes Beyond Crypto Trading

Historically, Robinhood's shares have often traded in tandem with cryptocurrency prices, rising during crypto rallies and weakening when Bitcoin came under pressure. However, the company has been working to reduce its reliance on crypto transaction revenue through new products spanning retirement accounts, wealth management services, prediction markets, credit offerings, and AI-powered investing tools.

Retail traders were optimistic about HOOD’s stock crossing $100 by the time the market closes.

HOOD’s stock has gained nearly 20% this year, and over 40% in the last 12 months.

Read also: Bitcoin Rises While Trump Weighs Iran Deal, But The Bigger Question Is Whether It’s Becoming Digital Gold

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