StoneX gives Robinhood a buy rating with a target price of $170

StoneX analyst Mark Palmer has given Robinhood a buy rating with a target price of $170. Robinhood Chain was launched on the mainnet on July 1st, and on September 3rd, its daily gas fee revenue reached 4.59 million US dollars. It is expected to bring in 980 million US dollars in revenue for the 2029 fiscal year, with a profit margin of 85%; Forecast market business revenue for the second quarter to be approximately $156 million, with a month on month increase of 50%. (Source: The Block)