Wolfe Research analyst Steven Chubak downgraded Robinhood (HOOD) to Peer Perform from Outperform and removed the firm’s prior $51 price target Since the firm’s previous upgrade of the shares in June, key drivers underpinning the firm’s bull case have “largely played out” and are now reflected in the current valuation and share price, the analyst tells investors. With the GAAP EPS consensus having been revised up by more than 160% since June 2024 and more than 600% over the the last twelve months, the EPS “bull case” has now become the base case, the analyst added.
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