The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Bumble Inc. (BMBL)Analysts have updated coverage and raised price targets on Robinhood Markets, Inc. HOOD after the company hosted its first investor day on Wednesday and showed significant growth across customers, assets under custody and trading volumes. Expert Ideas: Goldman Sachs analyst James Yaro assumed coverage of Robinhood Markets on Thursday and upgraded the stock from Neutral to Buy with a $46 price target. The analyst highlighted the firm's growth as driven by continued wallet share gains among active traders and sees a long-term opportunity for Robinhood to expand into other areas, including wealth management and international markets. Read Next: Friday’s Top 5 Trending Stocks: What’s Going On With SoundHound AI, GameStop, Lululemon? "HOOD has successfully migrated from a fast growing, periodically profitable online broker servicing mostly younger investors, to a best-in-class top and bottom-line asset under custody compounder with a growing total addressable market," Yaro wrote. Robinhood's average revenue per user (ARPU) has more than doubled over the past two years and Yaro sees the firm's ARPU rising another 19% through 2026, driven mainly from transaction revenue growth. The Goldman Sachs analyst also sees further growth of assets under custody (AUC), driven by Robinhood's low brokerage market share at present and its expanding wallet share among active traders. Yaro highlighted the "best-in-class customer value" provided through the company's HOOD Gold offering, as well as new products for active traders including index options, futures, crypto offerings and prediction markets. Piper Sandler analyst Patrick Moley also weighed in on the potential for Robinhood to grow its assets under custody. In a Thursday note, Moley pointed to Robinhood's younger demographic, with 75% of its customers under age 43 combined with an ongoing generational wealth transfer of approximately $85 trillion, providing fuel for significant AUC and revenue growth. Piper Sandler maintained its Overweight rating on Robinhood shares and raised its price target from $42 to $54. HOOD Price Action: According to data from Benzinga Pro, Robinhood Markets shares ended Friday's session 7.07% higher at $41.67. Read Next: UnitedHealthcare CEO Brian Thompson Fatally Shot Outside NYC Hotel Image: Shutterstock © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.TORONTO — Hannah Miller scored a power-play goal with 1:38 remaining in the game, lifting the Toronto Sceptres to a 3-1 victory over the Boston Fleet in the Professional Women's Hockey League season opener on Saturday. With Boston standout Hilary Knight in the penalty box for a vicious boarding penalty on Sceptres defender Renata Fast, Miller made good on her rebound attempt on a Daryl Watts shot with a half-open net. Fast recovered for an assist on the winner before 8,089 fans at Coca-Cola Coliseum. The Fleet (0-1-0) challenged the goal, but video review deemed Miller's shot was good. Sarah Nurse got Toronto (1-0-0) on the board with a short-handed tally 11:50 into the first period and Emma Maltais added an empty-net strike to seal the score at 3-1 with 12 seconds left on the game clock. Boston's Hilary Knight opened the scoring at the 3:00 mark of the opening frame, sending a slap shot past Toronto goalie Kristin Campbell, who registered 18 stops on the night. Toronto outshot Boston 41-19. Boston goalie Aerin Frankel, a big reason why her team advanced to the Walter Cup final last spring, was outstanding with 38 saves. Frankel made a significant glove-hand stop on Toronto defender Jocelyne Larocque with 6:36 remaining in the third period. Larocque was alone when a rebound caromed to her in front. But the puck was rolling, and she could only lift her shot straight into Frankel's glove. Nurse's goal tested the league's new jailbreak rule that sees a minor penalty — in this case, Izzy Daniel's tripping infraction — wiped out when a team scores a short-handed goal. . Takeaways Sceptres: Billie Jean King MVP Natalie Spooner missed the season opener. The PWHL scoring champion underwent left knee surgery last June after getting injured in Game 3 of Toronto's first-round series against Minnesota. Fleet: Defender Emma Greco of Burlington, Ont., played her first game for Boston. She was part of the Walter Cup-winning Minnesota team that defeated Boston in a three-game series last spring. Greco is one of five Ontario-born players on the Fleet roster. Key moment With the game tied 1-1, the Sceptres failed to score during a 59-second 5-on-3 advantage midway through the second period. Boston blocked five shots during the span. Key stat Last year, Toronto enjoyed an 11-game win streak en route to its regular-season championship, including three wins against Boston. Up next Toronto visits Ottawa on Tuesday. Boston will play its home opener on Wednesday, a rematch with the Walter Cup-champion Minnesota. This report by The Canadian Press was first published Nov. 30, 2024. Tim Wharnsby, The Canadian Press
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