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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

Piper Sandler upgraded Robinhood shares on 12 August
Piper Sandler upgraded Robinhood shares on 12 August Photo: AFP/Getty Images

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.

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