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
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
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.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100