BUZZ - Rosenblatt initiates coverage of Robinhood with a "Buy" rating; stock price rises

October 21 - ** Robinhood Markets (HOOD.O) shares rose 2.5% in premarket trading to $100.68

** Rosenblatt Securities initiated coverage on the stock with a “Buy” rating and a target price of $135

** The brokerage considers the company "one of the most promising growth companies in the financial sector"

** “The company, which started as a commission-free trading app, has now evolved into a complete financial platform, and the market still underestimates the maturity of its business development,” the brokerage added

** Out of 32 brokerages, 26 rate the stock as “Buy” or higher, 5 rate it as “Hold”, and 1 rates it as “Sell”; the median price target is $136—LSEG compiled data

** As of the previous trading session close, the stock is down 13.2% year-to-date

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