The post Can Robinhood Stock Hit $150 Amid Ark Invest’s Bet & This Major Update? appeared on BitcoinEthereumNews.com. Key Insights: Robinhood stock jumped more than 5% today, sparking market optimism. The surge comes as Ark Invest has made a significant HOOD stock acquisition. Analyst reveals a target of $150 for Robinhood stock. Robinhood stock has recorded a surge of over 5% in the pre-market trading session today, soaring past the $120 mark. Notably, the surge in HOOD stock price came despite a muted sentiment recorded in the broader crypto market, and BTC price traded below $87,000. A flurry of market experts has attributed the recent gains in the crypto stock to the latest expansion plans of it into the prediction markets. For context, a recent acquisition of the firm appears to have fueled the market interest. On the other hand, Cathie Wood’s Ark Invest has made robust bets in the crypto stocks arena. For context, Ark Invest has recently bagged shares of Circle, Coinbase, and Robinhood, among others, indicating its confidence in the assets. Amid this, a top expert has hinted at a potential surge of the HOOD stock price to $150. So, here we explore the potential reasons behind the surge in Robinhood stock and see what experts are anticipating for the potential future trajectory of the asset. Robinhood Stock Soars Amid Ark Invest’s Bet The Robinhood (HOOD) stock price has added nearly 5.2% in the pre-market trading session today and traded at $121.59. Notably, this comes after the crypto stock closed at $115.57, up 0.5% in the prior session on Tuesday, November 25. Robinhood Stock Price | Source: Yahoo Finance The latest surge has helped in a 1% gain in HOOD stock on its weekly chart, but the monthly return was down at 17%. The price dip over the past few weeks could be attributed to the broader crypto market selloff, which has spooked traders and…
https://bitcoinethereumnews.com/finance/can-robinhood-stock-hit-150-amid-ark-invests-bet-this-major-update/
