Movement Alert｜Robinhood Falls 3.05% in Pre-Market Trading, Wells Fargo Cuts Price Target to 120 USD

Market Focus10-15 19:09

On October 15, Robinhood fell 3.05% in Pre-Market Trading, trading at 98.03 USD/share, with turnover of 13.6674 million USD.

The clearest news catalyst is a fresh analyst action: Wells Fargo lowered its price target on Robinhood to 120 USD from 125 USD while maintaining an Equalweight rating, reinforcing a more cautious near-term valuation view.

That downgrade followed a recent run of more constructive calls, including Morgan Stanley lifting its target to 160 USD, Bank of America raising its target to 156 USD, and Evercore ISI initiating with an Outperform rating. Even so, the latest cut suggests some firms are becoming more restrained ahead of Robinhood's next earnings report on October 27, for which the market is expecting EPS of 0.55. The broader analyst mean target was reported around 137.95 USD.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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