Robinhood cuts 10% of staff as CEO Tenev pushes for 'lean' team

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Go back to Robinhood cuts 10% of staff as CEO Tenev pushes for 'lean' team

Robinhood Markets (HOOD) PT Raised to $110 at Argus, 'Announces 10% headcount reduction; raising target'

June 17, 2026 7:16 AM EDT

Argus 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