Robinhood Stock in Focus as Potential Bond Sale Meets Bullish Analyst Activity, Mixed Technicals - Robinh

Robinhood Markets stock is taking a hit today. What’s weighing on HOOD shares?

Robinhood’s Asset-Backed Bond SaleThe fundraising effort comes as Robinhood pushes beyond its core brokerage business and deeper into credit cards. The company launched a $695 platinum-plated card in March to compete with American Express, two years after debuting its no-fee Gold Card.Analysts Lift HOOD TargetsRobinhood stock carries a consensus Buy rating with an average price target of $112.53. Recent analyst moves include a string of price target increases.

Morgan Stanley: Equal-Weight (Raises Target to $124.00) (July 10)

Barclays: Overweight (Raises Target to $122.00) (July 9)

Mizuho: Outperform (Raises Target to $130.00) (July 2)