Mizuho raises Robinhood price target on sports betting interest

Mizuho raised its price target on Robinhood Markets (HOOD) from $60 to $65, while analysts maintained their Outperform rating on the stock. The Mizuho team cited its own survey results that gauged investor interest in also using the platform for sports betting. Although Robinhood had initial plans to launch sports betting contracts for the Super Bowl, the Commodity Futures Trading Commission (CFTC) said Tuesday it has formally requested that Robinhood “not permit customers to access” sports event contracts. Julie Hyman and Josh Lipton report more on the analyst commentary around Robinhood. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Luke Carberry Mogan.Read More