Robinhood price target lowered to $124 from $159 at Barclays

Barclays lowered the firm’s price target connected Robinhood (HOOD) to $124 from $159 and keeps an Overweight standing connected the shares pursuing the Q4 report. The company’s missed connected gross but remains focused connected its “ambitious” semipermanent goals, the expert tells investors successful a probe note. The steadfast expects Robinhood’s caller slowdown successful nett caller plus maturation to measurement connected the shares today. The banal successful greeting trading is down 12%, oregon $10.50, to $75.10. Barclays attributes the softer than expected Q4 to little instrumentality rates successful options and crypto impacting transaction revenues.

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