Movement Alert｜Robinhood Falls 3.1% in Pre-Market Trading, Wells Fargo Cuts Price Target to 120

Market Focus10-14 21:29

On October 14, Robinhood fell 3.1% in Pre-Market Trading, trading at $107.19 per share, with turnover of $26.73 million.

The clearest catalyst was a fresh analyst action: Wells Fargo lowered its price target on Robinhood to $120 from $125 while maintaining an Equalweight rating, a move that coincided with the pre-market weakness.

The rating change arrived after several more bullish updates earlier this month, including Morgan Stanley raising its target to $160, Bank of America lifting its target to $156, and Evercore ISI initiating with an Outperform rating. Even so, the latest cut signaled a more cautious near-term valuation stance. Robinhood still carries an average analyst rating of overweight, with the consensus price target near $137.95, and its next earnings report is scheduled for October 27 with market expectations for EPS of $0.55.

(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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