Truist Cuts Robinhood Price Target from $155 to $130 Citing Crypto Dip
Truist reduced Robinhood’s price target from $155 to $130, maintaining a Buy rating after significant stock pressure linked to declining cryptocurrency prices. The analyst noted crypto revenues make up 19% of consensus revenue and 12% of growth, suggesting limited exposure should sustain strong revenue and EPS momentum.
1. Truist Price Target Revision
On February 6, Truist cut its price target for Robinhood from $155 to $130 while maintaining a Buy rating. The move follows recent stock pressure driven by falling cryptocurrency prices, though analysts believe the market reaction has been excessive.
2. Crypto Revenue Exposure
Robinhood’s crypto trading business accounts for 19% of consensus revenue and contributes 12% of projected growth. This limited exposure positions the platform to sustain robust overall revenue and EPS growth even if crypto markets remain weak.
3. Barclays' Overweight Rating and Sector Trends
Earlier in January, Barclays lowered its price target from $171 to $159 but kept an Overweight rating, pointing to increased sequential trading volumes across stocks, options, and futures. The firm highlighted broader sector volatility improvements ahead of Q4 2025 reporting.