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Robinhood's shares dropped 4.22% after a 48% fall in crypto trading and a lower price target from Goldman Sachs.

MarketRead the original at Benzinga
Neutral

Crypto trading fell 48% and securities-lending income fell 43% from a year earlier. But platform assets, deposits, customers, event trading and margin balances grew, leaving the report with opposing signals.

HOOD · Robinhood Markets Inc.

AI read · Neutral

The AI's read

The crypto decline could mean less income from that part of Robinhood's business. Deposits and customer numbers grew, and event trading and margin balances also increased. But securities-lending income fell from a year earlier. Together, these figures point in different directions and do not show a clear overall change.

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