Core Viewpoint - Robinhood Markets Inc. is considered one of the most profitable new stocks to buy, despite recent price target adjustments due to falling cryptocurrency prices, which are seen as an overreaction by the market [1]. Group 1: Price Target Adjustments - Truist lowered its price target for Robinhood from $155 to $130 while maintaining a Buy rating, citing significant pressure from declining cryptocurrency prices [1]. - Barclays also adjusted its price target for Robinhood from $171 to $159 but maintained an Overweight rating, indicating positive trends in the sector despite the reduction [3]. Group 2: Revenue and Growth Insights - Cryptocurrency accounts for only 19% of consensus revenue and 12% of growth for Robinhood, suggesting that the company can sustain strong revenue and EPS growth even in a challenging crypto environment [2]. Group 3: Company Overview - Robinhood operates a financial services platform in the US, allowing users to invest in various assets including stocks, ETFs, options, gold, and cryptocurrencies [4].

Group 1: Price Target Adjustments - Needham lowered its price target for Robinhood to $135 from $145, maintaining a Buy rating, due to a projected prolonged slump in cryptocurrency trading volume [1] - Morgan Stanley raised its price target for Robinhood to $147 from $146, keeping an Equal Weight rating, citing strong transaction levels in Q4 [2] - Barclays increased its price target for Robinhood to $171 from $168, maintaining an Overweight rating, based on a favorable outlook for wealth brokers and alternative asset managers [3] Group 2: Market Outlook - Needham anticipates that retail participation in cryptocurrency trading is unlikely to recover until market momentum improves significantly [1] - Morgan Stanley's analyst increased Q4 EPS estimates by an average of 5%, aligning projections with broader market consensus [2] - Barclays remains cautious about exchanges and traditional asset managers, indicating a more unpredictable outlook for those sectors [3] Group 3: Company Overview - Robinhood Markets Inc. operates a financial services platform in the US, allowing users to invest in stocks, ETFs, American depository receipts, options, gold, and cryptocurrencies [4]

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Robinhood's (NASDAQ:HOOD) competitive edge - the real moat that makes it hard to disrupt - sits at the intersection of speed, design, engagement, and integration. It's not just about offering free trades or a sleek mobile app. What sets Robinhood apart is how it's reimagined the financial services ...