Bernstein sets $160 Robinhood target as 'infrastructure business' shift offsets Q4 concerns

Bernstein set a $160 price target on Robinhood, citing its shift to an 'infrastructure business' as offsetting Q4 concerns, while StoneX also kept a bullish rating. Robinhood fell 4% Wednesday after posting Q3 revenue of $1.42B, slightly below consensus, with crypto revenue down 55% to $120M year over year.

Detected & updated continuously · Source: Nebula