Robinhood Delivers Big Earnings Beat Driven by Booming Crypto Trading
Thu, May 9, 2024 6:49 PM

Robinhood Delivers Big Earnings Beat Driven by Booming Crypto Trading

A Flip by Avya Verma
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KBW raised its price target to $21.50 from $20; JMP raised its target to $30 from $28.A surge in crypto trading contributed to the 40% year-on-year increase in revenue.Positive momentum continued into April with a record $5 billion in deposits, the analysts said.Trading platform Robinhood (HOOD) reported strong first-quarter earnings yesterday as a surge in crypto trading fueled a 40% year-on-year

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