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

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

Needham maintained a 'Buy' rating on HOOD shares with implied upside over 15% from last close.

The analyst sees strength across 'nearly every metric' for Robinhood.

The stock extends its recent rally following the target hike.