Robinhood Rises Premarket After $130 Price-Target Hike as Bitcoin Tops $61,000
Updated
Updated · CNBC · Jul 2
Robinhood Rises Premarket After $130 Price-Target Hike as Bitcoin Tops $61,000
3 articles · Updated · CNBC · Jul 2
Summary
Mizuho lifted its Robinhood price target to $130, helping push the stock higher in premarket trading alongside a broader crypto-linked rally.
Bitcoin crossed $61,000 and headed for a 4.5% two-day gain, boosting other crypto-exposed names including Strategy, up 6%, and Coinbase, up more than 3%.
Mizuho said Robinhood could become the “hyperscaler” of online brokerages, arguing it has room to build cross-border dominance rather than lead in just one market.
Elsewhere in premarket trading, Alphabet slipped 1% after a European court upheld Google’s 4.1 billion euro antitrust fine, while AeroVironment gained 4% on a $500 million U.S. Army contract.