Barclays Cuts Robinhood Price Target 22% to $124 After Revenue Miss
Robinhood Markets shares dropped after quarterly revenue fell short of analyst forecasts, triggering a selloff. Barclays slashed its price target by 22% to $124 from $159, reflecting increased caution on the company’s growth outlook.
1. Revenue Miss Spurs Stock Dip
Robinhood's latest quarter saw revenue fall short of analyst estimates, prompting shares to slide in after-hours trading. The unexpected topline miss highlights challenges in growing transaction volumes and subscription services.
2. Barclays Lowers Price Target
Barclays cut its 12-month price target by 22% to $124 from $159, signaling reduced confidence in Robinhood's growth trajectory. The adjustment reflects heightened caution on future profitability and market headwinds.
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