Citi cuts Robinhood's price target to $50, shares drop 11% in after-hours trading.

From StockTwits: 2025-04-03 03:32:00

Shares of Robinhood Markets Inc. (HOOD) dropped nearly 11% in after-hours trading after Citi analysts cut their price target for the trading platform to $50 from $60. Despite this, retail sentiment on Stocktwits remains bullish. The average price target for Robinhood is $65.50, indicating a potential 53% upside. Of the 21 brokerage calls, 14 recommend buying the stock. However, one user expressed concern about the impact of President Trump’s tariff announcement on the market. Robinhood’s stock has gained 15% year-to-date. Volatility is expected to persist in the market, potentially leading to further fluctuations.



Read more at StockTwits: Robinhood Gets A Price Target Cut At Citi Over Market Uncertainty: Retail Spirits Remain High