Robinhood Markets, Inc. (NASDAQ:HOOD) shares are trading lower after JP Morgan lowered its price target on the stock from $26 to $17.
B of A Securities also initiated coverage on the stock with an Underperform rating.
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Robinhood Markets is creating a modern financial services platform. It designs its own products and services and delivers them through a single, app-based cloud platform supported by proprietary technology.
Robinhood Markets has a 52-week high of $85.00 and a 52-week low of $17.71.