Robinhood cuts 10% of workforce, cites restructuring costs
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Robinhood Markets (HOOD) PT Raised to $110 at Argus, 'Announces 10% headcount reduction; raising target'
June 17, 2026 7:16 AM EDTArgus analyst Stephen Biggar raised the price target on Robinhood Markets (NASDAQ: HOOD) to $110.00 (from $90.00) while maintaining a Buy rating.
The analyst comments "Announces 10% headcount reduction; raising target On June 16, the company said it would implement a workforce reduction involving 10% of its employees, which recently numbered 2,900, as it seeks a less heavily... More
