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via DLNews · By DLNews Staff
Robinhood primed for rebound after shares tank 8% in Q1 miss, Bernstein says
DS
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…
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