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Story summary
- Robinhood Markets, Inc. faces significant stock pressure as shares have fallen 22% this year, due largely to a softening cryptocurrency market.
- KeyBanc lowered its price target for Robinhood from $160 to $130, citing headwinds and concerns about estimates, while keeping an Overweight rating.
- Wolfe Research and Truist Securities upgraded their ratings on Robinhood despite the stock's decline.
- Robinhood's upcoming earnings report on February 10 could be pivotal.
