Robinhood (HOOD) news: JPMorgan among those cutting price targets following Q4 miss
Robinhood shares dropped 10% after Q4 revenue missed estimates, driven by a 38% year-over-year decline in crypto revenue.Summary
Robinhood (HOOD) shares fell 10% after the company reported fourth-quarter revenue of $1.28 billion, missing analyst forecasts of $1.33 billion, although earnings per share beat expectations. The primary drag on results was a significant 38% year-over-year drop in crypto revenue to $221 million, reflecting a late-year slide in digital asset markets. Following the report, JPMorgan cut its price target on HOOD from $130 to $113 while maintaining a neutral rating, citing moderating growth across key metrics. Conversely, Compass Point maintained a Buy rating but lowered its target to $127 from $170, noting solid January momentum despite the weak Q4. Analysts are watching Robinhood's 18% projected operating expense growth for 2026, which is intended to fund expansion into areas like DeFi and prediction markets, though near-term investor sentiment may be penalized by higher spending.
(Source：CoinDesk)