Citigroup Downgrades Robinhood Markets to Sell, Raises Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Christopher Allen downgraded Robinhood Markets (HOOD) from Neutral to Sell, while raising the price target from $13 to $16.

April 11, 2024 | 1:01 pm
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Citigroup downgraded Robinhood Markets to Sell but increased the price target from $13 to $16.
The downgrade to Sell suggests a negative outlook on Robinhood's stock performance in the short term, despite the raised price target. This mixed signal could lead to short-term price volatility as investors reassess the company's valuation and future prospects based on Citigroup's analysis.
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