Robinhood Markets (HOOD) PT Lowered to $42 at Barclays
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The Dogecoin Effect: Robinhood (HOOD) Stock Plunges 11% on Disappointing Results as Crypto Trading Revenue Plummets, Expects Headwind to Continue in Q4; Analyst Lower PTs
October 27, 2021 8:21 AM EDTShares of Robinhood (NASDAQ: HOOD) are down nearly 10% in pre-open Wednesday after the company reported worse-than-expected Q3 results.
HOOD reported negative EPS of $2.06, worse than the analyst estimate of negative $1.36. Revenue for the quarter came in at $365 million versus the consensus estimate of $431.27 million.
"This quarter was about developing more products and services for our customers, including crypto wallets. More than one million people have joined our crypto wallets waitlist to date. With 24/7 live phone support, we believe that Robinhood is becoming the most trusted and intuitive platform for retail and crypto... More
