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HOOD / Robinhood stock drops after Mizuho analyst slashes price target by more than 60%, but stays bullish

Shares of Robinhood Markets Inc. HOOD, +1.08% dropped 4.0% in premarket trading Tuesday, after Mizuho analyst Dan Dolev slashed his price target by more than 60%, but remained bullish over the "medium term." Dolev acknowledged that, amid the broad weakness in the payments sector, the commission-free trading platform's stock appeared to be "particularly out of favor," as the company will face its most difficult year-over-year financial comparisons in the coming quarters and given the overhang from possible regulatory scrutiny over payment for order flow (PFOF). Read More

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Robinhood

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After

Mizuho

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Price

Target

Bullish

HOOD

Posted: Jan 25 2022, 08:41

Author Name: Market Watch

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