Robinhood Markets Inc (NASDAQ:HOOD) shares are hitting new all-time highs on Thursday following positive analyst coverage from BofA Securities.
What To Know: BofA Securities analyst Craig Siegenthaler maintained Robinhood with a Buy rating on Thursday and raised the price target from $139 to $157.
The price target increase comes a day after Morgan Stanley maintained an Equal-Weight rating and lifted its target from $110 to $146.
The BofA target of $157 represents the Street-high price target for Robinhood, while the consensus price target sits at $109.57 based on 23 analyst ratings. Recent coverage from BofA, Morgan Stanley and Goldman Sachs averaged a $151.67 price target, implying 5.4% upside from current levels.
Robinhood announced this week that it …