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Robinhood Markets receives a "Market Perform" rating with a $60 target price, despite beating earnings estimates.
Investment firm Keefe, Bruyette & Woods has reaffirmed Robinhood Markets' (HOOD) "Market Perform" rating with a $60 target price.
Despite the rating, Robinhood's stock has been trading down, reaching $41.26 on Thursday.
The company reported earnings of $0.54 per share for the latest quarter, beating estimates by $0.13.
Additionally, Needham & Company LLC downgraded its price target from $70 to $62 while maintaining a "buy" rating.
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Robinhood Markets recibe una calificación de "Market Perform" con un precio objetivo de $60, a pesar de superar las estimaciones de ganancias.