Goldman Sachs lowered the target on Robinhood to $31 from $42, and maintained the Neutral rating on the stock.
Based on the Robinhood Markets Inc. Class A Common Stock stock forecasts from 13 analysts, the average analyst target price for Robinhood Markets Inc. Class A Common Stock is USD 45.00 over the next 12 months. Robinhood Markets Inc. Class A Common Stock’s average analyst rating is Buy . Stock Target Advisor’s own stock analysis of Robinhood Markets Inc. Class A Common Stock is Neutral, which is based on 0 positive signals and 0 negative signals. At the last closing, Robinhood Markets Inc. Class A Common Stock’s stock price was USD 20.13. Robinhood Markets Inc. Class A Common Stock’s stock price has changed by -1.42 % over the past week, -15.08 % over the past month and +0.00 % over the last year.
Robinhood has recently announced it is working on a feature that will let users send cryptocurrencies to other users as a gift, which was seen in a beta version of the company’s app for the iPhone.
It is apparent that the the feature will allow users to send cryptocurrency by digital gift cards, from which a message can be inserted.
The addition of this feature is a continuation of the company’s move further into the cryptocurrency sphere. The release date for the new rollout of this feature has not yet been disclosed.
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