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Citizens JMP Lifts HOOD Stock Price Target to $165 Amid Robinhood Chain Hype

Guavy AI Editorial Team
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A prominent analyst has increased its price target for HOOD stock to $165, citing the growing potential of Robinhood Chain.

The firm, Citizens JMP, predicts that Robinhood Chain will contribute approximately $1 million in net revenue per day once it reaches sufficient activity levels. This would translate to around $365 million in annual revenue, marking a significant new revenue stream for the online brokerage firm.

The analyst notes that the estimate assumes an initial contribution from the blockchain platform rather than a sustained level of activity.

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