Barclays lowered the agency’s worth goal on Robinhood (HOOD) to $124 from $159 and retains an Obese score on the shares following the This autumn report. The corporate’s missed on income however stays centered on its “bold” long-term objectives, the analyst tells traders in a analysis notice. The agency expects Robinhood’s latest slowdown in internet new asset progress to weigh on the shares at this time. The inventory in morning buying and selling is down 12%, or $10.50, to $75.10. Barclays attributes the softer than anticipated This autumn to decrease take charges in choices and crypto impacting transaction revenues.
Revealed first on TheFly – the last word supply for real-time, market-moving breaking monetary information. Attempt Now>>
See the highest shares really helpful by analysts >>
Learn Extra on HOOD:
Disclaimer & DisclosureReport an Problem