Robinhood price target lowered to $82 from $89 at Barclays

Barclays lowered the firm’s price target on Robinhood (HOOD) to $82 from $89 and keeps an Overweight rating on the shares. The company’s Q1 revenue missed across the board, which more than offset its slightly lower spending, the analyst tells investors in a research note. The firm says that while Robinhood’s April trends look better, options and crypto are seeing more fee rate compression. Barclays sees the Q1 report weighing on Robinhood shares.