) shares are trading higher after the company received a double upgrade from Bank of America. Robinhood now has a Buy rating after previously having an Underperform rating. Bank of America has set a $24 price target, up from $14.
And remember in 2021 you might not remember, but that is when the firm initiated coverage on this dog with that underperform rating and why they're saying that it's a bit different than what it was in 2021. It would be interesting to see if investors buy this one and, and here's why Robinhood is going to be annexing itself just a little bit more closely to crypto than we had seen even back in 2021.That's gonna be a salon of staking product for European customers here.
It's been themes around some of the biggest tech companies that have just been over uh overcrowded trades.
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