Robinhood Shares Climb After BTIG Buy Rating and Convertible Deal Finalized
Robinhood Markets rose 3.6% in afternoon trading following BTIG’s initiation of coverage with a Buy rating and a $125 price target. The broker-dealer cited a multi-pronged growth thesis and trading activity metrics, while a recently closed $2.2 billion zero-coupon convertible notes offering with capped call protections eased investor concerns about…