Why Did Robinhood Markets Stock Drop Today?
Robinhood could help transform prediction markets -- but its stock is still overpriced.
Overview
Robinhood Markets (NASDAQ: HOOD) stock slipped 3.3% through 10 a.m. ET Tuesday -- and here's the thing: The biggest news about Robinhood today is good news.
As StreetInsider.com reports, analyst Ramsey El-Assal at investment banker Cantor Fitzgerald just reiterated his "overweight" rating on Robinhood stock, insisting the $110 stock is worth nearly twice its price: $212 per share.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.