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Benzinga
Benzinga
Business
Chris Katje

Robinhood Merger With FTX Could Be 'Win-Win': Why This Analyst Is Bullish On M&A Rumors

Rumors of Robinhood Markets Inc (NASDAQ:HOOD) being acquired by FTX sent shares soaring Monday. While FTX CEO and co-founder Sam Bankman-Fried put the rumors to rest for now, one analyst can’t help but think of the possibility of a merger.

The Robinhood Analyst: Piper Sandler analyst Richard Repetto has a Neutral rating on Robinhood and a price target of $11.

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