Market News / Story
HOOD Stock Falls Despite Barclays’ Price Target Hike And Robinhood’s $25M BTC Purchase
Stocktwits ·
Stocktwits reports: Robinhood (HOOD) slipped in pre-market trading on Wednesday, even as Barclays lifted its price target on the stock. The company also disclosed a $25 million Bitcoin (BTC) purchase the same day. According to TheFly, Barclays raised its price target on Robinhood to $132 from $105 and kept an ‘Overweight’ rating. The move came as part of a third-quarter earnings preview covering brokers, asset managers and exchanges. The firm told clients that the rate curve looked more…