Movement Alert｜Robinhood Intraday Decline 3.95% in Regular Trading, Wells Fargo Cuts Price Target to 120

Market Focus10-14 21:32

On October 14, Robinhood fell 3.95% in Regular Trading, trading at $107.78 with turnover of $121 million.

The clearest catalyst was a same-day analyst action: Wells Fargo lowered its price target on Robinhood to $120 from $125 while maintaining an Equalweight rating, adding near-term pressure to sentiment.

The move came despite a still-constructive broader analyst backdrop. Recent updates included Morgan Stanley raising its target to $160, Bank of America lifting its target to $156 with a Buy rating, and Evercore ISI initiating coverage at Outperform. Even so, the latest downward revision stood out because it arrived immediately ahead of Robinhood's next earnings report on October 27, when consensus expects EPS of $0.55. The stock's pullback also occurred amid weakness across the Investment Banking and Brokerage group, with Morgan Stanley down 4.59% and XP Inc. down 1.82%.

(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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