Barclays Maintains Underweight on Robinhood Markets, Raises Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ross Sandler maintains an Underweight rating on Robinhood Markets (NASDAQ:HOOD) and raises the price target from $10 to $11.

August 04, 2023 | 1:01 pm
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Barclays maintains an Underweight rating on Robinhood Markets but raises the price target from $10 to $11.
The news is directly about Robinhood Markets. While the Underweight rating suggests that Barclays expects the stock to underperform, the increase in price target from $10 to $11 indicates a slightly more positive outlook. However, the impact on the stock price in the short term is uncertain as the overall rating remains negative.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100