Jefferies initiates Robinhood stock with buy rating on product growth

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Iran rejects U.S. war proposal, says no talks before conditions met Oil prices climb over 2% as Iran reviews US proposal to end war This is the hottest stock in the market because of its Claude exposure MU, WDC, SNDK fall: Why Google’s TurboQuant is rattling memory stocks (South Africa Philippines Nigeria) Jefferies initiates Robinhood stock with buy rating on product growth By Analyst Ratings Published 03/26/2026, 04:33 AM Jefferies initiates Robinhood stock with buy rating on product growth 0 HOOD 5.01% Investing.com - Jefferies initiated coverage on Robinhood Markets (NASDAQ:HOOD) with a Buy rating and an $88 price target on Thursday. The firm said Robinhood is positioned to benefit from rising global retail participation and an evolving product set that is driving increased revenue diversity and client retention. Jefferies noted the company’s ability to attract next-generation investors positions it as a primary beneficiary of the ongoing $100 trillion generational wealth transfer. Robinhood reported funded customers rose to 27.4 million in February 2026, up 7% year-over-year, while total platform assets reached $314.2 billion, reflecting a 68% increase year-over-year. Net deposits in February 2026 totaled $5.6 billion, consistent with the 12-month average of $5.7 billion, supporting cash and deposit balances of $16.5 billion, up 67% year-over-year. The company’s revenue growth of 52% over the last twelve months demonstrates strong operational momentum, with an impressive gross profit margin of 92%.Despite this growth, the stock has declined 40% over the past six months, though it remains up 62% over the past year. Trading activity levels moderated in the first quarter of 2026, down 19% quarter-to-date versus the fourth quarter of 2025. Prediction Markets represented 14% of fourth-quarter 2025 trading revenues compared to virtually nothing a year earlier. Jefferies said the stock trades at 26 times its 20...