[Robinhood Closes Up 16.57% on Thursday, Receives Multiple Investment Bank Upgrades] BlockBeats News, September 4: According to BIT (Bit.com) market data, Robinhood's stock price closed up 16.57% on Thursday, rising to $124.72, with a market capitalization reaching $112.13 billion. Recently, Scotiabank of Canada upgraded its rating on the company. Piper Sandler predicted that with the start of the football season next week, Robinhood's revenue from prediction markets could see significant growth. The firm raised its earnings per share forecasts for 2026 and 2027 by 5% and 7%, respectively, and increased its target price from $135 to $145. Earlier, on September 2, Morgan Stanley upgraded Robinhood (HOOD) from 'Equal-Weight' to 'Overweight' and raised its target price from $124 to $150.