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Add as a preferred source on GoogleThe bank's new target is $20 below its mid-October figure. Robinhood recorded $1.42 billion in total third-quarter revenue.
Robinhood's crypto revenue fell 55% year over year in the third quarter; Wells Fargo reset its price target for the trading platform to $100 on Oct. 28.
Robinhood recorded $1.42 billion in total revenue for the quarter. The bank's new target is $20 below its previous $120 mark, set in mid-October.
At that point, analyst targets for Robinhood spanned $120 to $134.
The firms plan institutional settlement using Ripple USD (RLUSD) across Bitstamp by Robinhood’s institutional business, plus a separate Ripple Treasury software integration. Robinhood expects app availability later this year.
The $268 target sits below other figures cited in earlier EconoTimes coverage.
The Solana market contributed $91.64 million, while Robinhood and BNB recorded $51.08 million and $19.39 million.
