Robinhood (HOOD) Stock Selloff May Be Overblown, Said Truist

The steadfast voiced optimism that Robinhood Markets Inc. (NASDAQ:HOOD) volition support coagulated fiscal show successful a anemic crypto market, estimating that the institution mightiness scope 7% gross maturation and implicit $2.00 net per stock successful 2026 adjacent if bitcoin gross is wholly removed.

This follows Truist’s erstwhile terms estimation of $155 connected February 3, which came aft Robinhood Markets Inc. (NASDAQ:HOOD) shares plunged 10% connected February 2, lagging the broader market, which was somewhat up. The selloff coincided with a 7% diminution successful Bitcoin prices, though fiscal assemblage equities moved higher and superior markets stocks stayed comparatively steady.

Robinhood Markets Inc. (NASDAQ:HOOD) operates a fiscal services level successful the US. Its level allows users to put successful stocks, ETFs, American depository receipts, options, gold, and cryptocurrencies.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.