Robinhood (HOOD) stock surges 12% following a $110 analyst price target lift and a strategic 10% workforce reduction plan.

Robinhood Markets shares are in focus Monday on record SpaceX IPO traffic, new underwriting unit and the FIFA World Cup prediction markets.

Robinhood cuts 290 jobs and takes a $28M charge as CEO Vlad Tenev cites record trading volumes. HOOD rises 5%.