Robinhood Stock Lower After Mixed Analyst Note

Shares of digital brokerage Robinhood Markets Inc (NASDAQ:HOOD) are 1.5% lower at $18.07 this morning, after Citi downgraded the stock to "sell" from "neutral." The analyst said HOOD's valuation is disconnected from a fundamental standpoints, though it hiked its price target by $3 to $16 after highlighted "healthy" trading activity and improving fundamentals.On the charts, Robinhood stock touched its highest level since December 2021, after rising to $20.55 on March 27. The security fell in five of the last ...