Morgan Stanley Maintains Equal-Weight on Robinhood Markets, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Cyprys has maintained an Equal-Weight rating on Robinhood Markets (NASDAQ:HOOD) but reduced the price target from $12 to $11.
November 24, 2023 | 1:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Morgan Stanley's analyst has maintained an Equal-Weight rating on Robinhood Markets but lowered the price target from $12 to $11, indicating a potential downside or limited upside.
The reduction in price target by a major analyst like Morgan Stanley suggests that they see less growth potential or higher risk in Robinhood Markets' stock. This could lead to a negative investor sentiment and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100