Mizuho raises Robinhood price target to $130 from $115, keeps Outperform

Mizuho analyst Dan Dolev raised his Robinhood price target to $130 from $115 on July 2 and kept an Outperform rating. He attributed the higher valuation mainly to Robinhood's international expansion and its growing footprint in crypto trading, and said tokenized equities add another area of growth. For a trader, the note is a bullish valuation call ahead of the Q2 report.

• Price target raised to $130 from $115
• Outperform rating maintained
• Drivers: international expansion and crypto trading footprint
• Tokenized equities cited as an additional growth area