Robinhood stock jumps 14% on bitcoin bounce, putting HOOD in focus ahead of earnings
Robinhood shares jumped nearly 14% Friday to $82.82, rebounding after a three-day slide as bitcoin climbed above $70,000. Truist Securities lowered its price target on Robinhood to $130 but kept a Buy rating. Investors await the company’s earnings report on Feb. 10 for updates on trading demand and crypto exposure. Coinbase also gained as U.S. stocks posted strong gains.