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Bernstein has raised its price target for Robinhood Markets Inc ($HOOD) to $160 from $105, representing a 52.38% increase and marking a street-high valuation for the stock. Bernstein highlighted its positive outlook on Robinhood's ongoing progress in the cryptocurrency sector, expecting continued growth in the coming years. The firm also noted upcoming events such as the HOOD Summit for active traders scheduled for September and the planned launch of banking services in the fall. In related analyst activity, Bank of America reiterated a Buy rating on Meta Platforms ($META) with a price target of $900, upgraded Palo Alto Networks ($PANW) to Buy from Neutral with a $215 price target, and Wells Fargo lowered its price target for Lululemon Athletica ($LULU) to $205 from $225. Additionally, Haywood raised the price target for $ROMJ.V to $1.30 from $1.10, and Desjardins increased the price target for $PNG.V to $5, maintaining a Buy rating.
