Robinhood price target lowered to $100 from $130 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on Robinhood (HOOD) to $100 from $130 and keeps an Overweight rating on the shares. While market volatility is likely to persist in the near-term, Robinhood retains several levers — prediction markets, tokenization, international markets, retirement — that position the company to continue driving growth in less favorable market conditions, the analyst tells investors in a research note.