** Shares of retail trading platform Robinhood HOOD.O up 5.13% at $101.67 in morning trading

** Argus Research raises PT on HOOD to $110 from $90, implying a 13.7% upside to the stock's last close

** Brokerage cites improving backdrop for trading and the 10% headcount reduction for PT raise

** Adds, "HOOD shares are up some 35% since the company announced Q1 earnings, which we attribute to a more volatile trading environment due to the Iran conflict (and potential resolution)"

** Expects co will remain in a high-growth mode over the next few years as it adds new brokerage customers and rapidly builds its platform to take advantage of trading trends of interest, particularly to a younger demographic

** Including session's move, stock down 10.4% YTD