Robinhood Gets $20 Price Target From KBW As Retail Trading Boom Fuels Growth
• KBW initiated Robinhood coverage with a $20 price target and market perform rating • Robinhood share price rose sharply as retail trading engagement accelerated recently • Key question is how long increased retail trading levels will last • Retail activity expected to moderate from Q1 levels and gradually decline into 2025 • Robinhood well-positioned to gain share in fast-growing self-directed brokerage industry