Mizuho Securities raised the target stock price for Robinhood to $99.

Gate News bot message, on July 2, Mizuho Securities analyst reaffirmed a “buy” rating for Robinhood (HOOD), raising the target price from $80 to $99. Analyst Dan Dolev stated in the report: “The pace of product innovation at Robinhood is impressive.” He listed several newly launched products, including tokenization of U.S. stocks for European customers, crypto perpetual futures with up to 3x leverage, and staking services for assets such as ETH and SOL in the U.S.

Dolev also mentioned a series of new features that Robinhood is set to launch, such as a crypto rewards card, an Ethereum-based Layer 2 chain focused on the tokenization of real-world assets, and an AI investment assistant named Cortex. In addition, Robinhood CEO Vlad Tenev revealed that the company plans to issue tokenized stocks for private companies OpenAI and SpaceX.

It is worth noting that Robinhood recently announced the launch of tokenized stock products based on Arbitrum and is building a Layer 2 network called Robinhood Chain specifically for RWA (real-world assets).