Goldman, Jefferies, Barclays and Needham cut Robinhood targets after Q2 beat

On July 30, the day after the Q2 report, four firms cut their Robinhood price targets while keeping bullish ratings. Goldman Sachs moved to $118 from $137, Jefferies to $127 from $137, Barclays to $105 from $122 and Needham to $120 from $123. Robinhood shares fell almost 2% at the open to $88.06, and one commentary described the cuts as about timing rather than execution.

• Goldman Sachs: $137 to $118, Buy kept
• Jefferies: $137 to $127, Buy kept
• Barclays: $122 to $105, Overweight kept
• Needham: $123 to $120, Buy kept
• HOOD fell almost 2% at the open, trading at $88.06