Robinhood's stock price rose 16.57%, with multiple investment banks raising their ratings and target prices

Robinhood's stock price closed up 16.57% on Thursday at $124.72, with a market value of $112.13 billion. Bank of Nova Scotia raises Robinhood rating; Piper Sandler has raised Robinhood's target stock price from $135 to $145; Morgan Stanley has raised Robinhood's rating to overweight and raised its target price from $124 to $150.