Barclays analyst Benjamin Budish raised the firm’s price target on Robinhood to $16 from $11 and keeps an Underweight rating on the shares as part of the Q1 earnings preview for the exchanges group. The firm updated models for Q1 with estimate revisions mixed. Low volatility delivers a mixed Impact in Q1, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HOOD:
- HOOD vs. SCHW: Which Brokerage Stock Is Better?
- UPS upgraded, PepsiCo downgraded: Wall Street’s top analyst calls
- Robinhood initiated with a Market Perform at Keefe Bruyette
- Robinhood Markets, Inc. to Announce First Quarter 2024 Results on May 8, 2024
- April’s Doge Day Celebration Sets Stage for Potential Dogecoin Rally