Robinhood primed for rebound after shares tank 8% in Q1 miss, Bernstein says

DLNews Staff

(08:50 AM UTC)

1 min read

Robinhood revenue from crypto is down 47% year-on-year in Q1.
Shares have bottomed after a 8% tumble, analysts say.
Yet the broader business held up.

Robinhood is primed to rebound from a bruising first-quarter where crypto-driven revenue plunged 47%, according to research and brokerage firm Bernstein.

On Wednesday, Bernstein reaffirmed its “outperform” rating on Robinhood and kept a $130 share…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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