This photo illustration shows the logo of trading application Robinhood on a mobile phone in Arlington, Virginia on January 28, 2021. - An epic battle is unfolding on Wall Street, with a cast of characters clashing over the fate of GameStop, a struggling chain of video game retail stores. The conflict has sent GameStop on a stomach-churning ride with amateur investors taking on the financial establishment in the mindset of the Occupy Wall Street movement launched a decade ago. (Photo by Olivier DOULIERY / AFP) (Photo by OLIVIER DOULIERY/AFP via Getty Images)

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Piper Sandler sees Robinhood as well positioned to benefit from the generational wealth transfer — and a new web platform that could broaden its appeal.

News Editor

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Robinhood shares are down about 25% from their recent peak in July — and Piper Sandler analyst Patrick Moley sees a buying opportunity. 

He upgraded shares of the online-brokerage company to overweight from neutral in a 12 August note to clients, writing of several compelling catalysts on the horizon. 

How Robinhood can win a bigger piece of the $65tn pie of investable assets

Piper Sandler sees Robinhood as well positioned to benefit from the generational wealth transfer — and an enhanced web platform that could broaden its appeal

Emily Bary

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