Barclays Maintains Underweight on Robinhood Markets, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Benjamin Budish maintains an Underweight rating on Robinhood Markets (NASDAQ:HOOD) and lowers the price target from $20 to $18.

August 12, 2024 | 12:36 pm
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Barclays analyst Benjamin Budish maintains an Underweight rating on Robinhood Markets and lowers the price target from $20 to $18.
The Underweight rating and lowered price target from $20 to $18 by Barclays suggest a bearish outlook on Robinhood Markets. This is likely to negatively impact the stock price in the short term as investors react to the downgraded expectations.
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