Robinhood price target lowered to $124 from $159 at Barclays

Group 1 - Barclays has lowered the price target on Robinhood (HOOD) to $124 from $159 while maintaining an Overweight rating on the shares following the Q4 report [1] - The company missed revenue expectations but remains focused on its ambitious long-term goals, according to the analyst [1] - The recent slowdown in net new asset growth is expected to negatively impact Robinhood's shares, which are down 12%, or $10.50, to $75.10 in morning trading [1] Group 2 - Barclays attributes the softer than expected Q4 results to lower take rates in options and crypto, which have impacted transaction revenues [1]