HOOD Stock Extends Rally: Needham Hikes Target, Sees Strength Across 'Nearly Every Metric'

Needham raised its price target on Robinhood (HOOD) to $123 from $97.

The new target implies an upside of over 15% from the last closing price.

Needham maintained a Buy rating on the stock.

The analyst cited strength across 'nearly every metric' for the rally.