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Mizuho reiterates Robinhood's target price of $120, optimistic about its tokenization stock strategy.
Golden Finance reported that after meeting with Robinhood CEO Vlad Tenev, a Mizuho Securities analyst reaffirmed a "buy" rating on its stock with a target price of $120 on Monday. The analyst expressed optimism about Robinhood's ability to expand its international market share through tokenization of U.S. stocks, attract users from competitors, and demonstrate resilience in cryptocurrency trading.