Mizuho lowered the firm’s price target on Robinhood (HOOD) to $135 from $172 and keeps an Outperform rating on the shares. The firm cites lower bitcoin prices for the target cut. The company’s fundamentals are under pressure as the “crypto winter” continued to take its toll on profits in Q4, the analyst tells investors in a research note. Mizuho believes Robinhood remains better positioned than Coinbase (COIN).
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