Goldman Sachs Maintains Neutral on Robinhood Markets, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Will Nance maintains a Neutral rating on Robinhood Markets (NASDAQ:HOOD) and lowers the price target from $25 to $22.
November 01, 2024 | 5:16 pm
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Goldman Sachs has maintained its Neutral rating on Robinhood Markets but has lowered the price target from $25 to $22, indicating a less optimistic outlook.
The lowering of the price target by Goldman Sachs suggests a less optimistic view on Robinhood's future performance, which could lead to a negative short-term impact on the stock price. The Neutral rating indicates no strong buy or sell recommendation, but the reduced price target may influence investor sentiment.
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