Robinhood Stock: Piper Sandler’s Strategic Upgrade

Robinhood Stock Upgrade: A Strategic Buying Opportunity

Piper Sandler, a leading investment bank, has shifted its perspective on Robinhood Markets, raising its rating from Neutral to Overweight. This change comes alongside a new price target of $23.00, up from the previous $20.00. This revision follows a significant 27% drop in Robinhood's stock price since its 52-week high of $24.36 on July 16, 2023.