Robinhood metrics indicate slight Q4 revenue miss, says Barclays

Barclays analyst Benjamin Budish says Robinhood’s (HOOD) preliminary December metrics indicate its transaction revenue could slightly miss estimates in Q4. Robinhood’s December share picked back up in options and Bitstamp, but declined slightly in equities and more so in crypto app volumes, the analyst tells investors in a research note. The firm believes a larger miss relative to Q4 consensus estimates in crypto sales should be nearly offset by stronger other revenue, driven primarily by the prediction markets. It keeps an Overweight rating on Robinhood with a $171 price target