Barclays Maintains Underweight on Robinhood Markets, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Benjamin Budish maintains an Underweight rating on Robinhood Markets (HOOD) and raises the price target from $16 to $18.
May 09, 2024 | 3:34 pm
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Barclays maintains an Underweight rating on Robinhood Markets but raises the price target from $16 to $18.
While the upgrade in price target from $16 to $18 by Barclays indicates a slightly more positive outlook on Robinhood Markets' valuation, the maintenance of an Underweight rating suggests continued skepticism about the company's prospects. This mixed signal could lead to neutral short-term price movement as investors digest both the positive and negative aspects of the analyst's view.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100