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HOOD
Benzinga
48 days

OpenAI Says Tokens Are Not Equity, No Partnership With Robinhood: Musk Says AI Company's Equity 'Is Fake'

1. OpenAI denies any partnership with Robinhood regarding 'OpenAI tokens'. 2. Tokens were launched as part of Robinhood's broader tokenized equities initiative. 3. KeyBanc raised HOOD's price target from $60 to $110. 4. Robinhood shares reached an all-time high before a slight decline. 5. Elon Musk criticized Robinhood's 'OpenAI tokens' as 'fake equity'.

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Why Bullish?

KeyBanc's price target increase signals investor confidence in HOOD's growth potential.

How important is it?

The article affects HOOD's market perception and immediate investor sentiment.

Why Short Term?

Upcoming earnings and product developments will influence stock in the near term.

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