Robinhood beats revenue estimates as rate hikes bolster interest income
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Citi on Robinhood Markets (HOOD): 'continues to see growth in its Gold sweep balances and stock lending activity has remained healthy'
May 11, 2023 6:28 AM EDTCiti analyst Christopher Allen reiterated a Neutral rating and $10.00 price target on Robinhood Markets (NASDAQ: HOOD).
The analyst comments "HOOD reported 1Q23 EPS of ($0.57), vs our estimate of ($0.65) and consensus of ($0.62). Relative to our estimates, net revenues came in at... More
