Goldman Sachs analyst James Yaro lowered the firm’s price target on Robinhood (HOOD) to $53 from $57 and keeps a Buy rating on the shares. The company reported mixed March monthly metrics, which imply better option volumes than expected but offset by lower equity and crypto volumes, the analyst tells investors in a research note. The firm’s reduced price target also reflects mark to market for the most recent market forward curve, which pressures net interest income, Goldman added.
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