07:55 AM EDT, 07/08/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We initiate coverage on HOOD with a Buy rating and target of $118, 62.1x our 2026 EPS estimate, reflecting a premium to the company's three-year forward P/E average of 46.5x. We start our EPS estimates at $1.41 for 2025 and $1.90 for 2026, with revenue projected to grow 25%+ in 2025 and 15%+ in 2026. Product innovation drives our bullish thesis as HOOD continues its strategic rollout of new offerings beyond its core brokerage platform, diversifying revenue streams and deepening customer engagement. We believe HOOD benefits significantly from market volatility, which historically increases retail trading activity, and is well positioned to capitalize on retail investor growth among younger demographics. Despite explosive growth, we believe the company is still in early innings of capturing share of the massive $600B+ TAM, with greatest value creation opportunities in 1) technology-first innovation, 2) next-generation demographic capture, and 3) integrated multi-asset platform with superior unit economics.