Bitcoin $115,516.08 -0.42%
Ethereum $4,615.33 -1.20%
BNB $928.95 -0.50%
Optimism $0.79 -4.34%
Arbitrum $0.51 -5.21%
Solana $241.37 -0.70%
Polygon $0.22 +2.77%
Cosmos $4.65 -3.73%
Avalanche $29.75 -0.58%

Bitcoin $115,516.08 -0.42%
Ethereum $4,615.33 -1.20%
BNB $928.95 -0.50%
Optimism $0.79 -4.34%
Arbitrum $0.51 -5.21%
Solana $241.37 -0.70%
Polygon $0.22 +2.77%
Cosmos $4.65 -3.73%
Avalanche $29.75 -0.58%

Citi Downgrades Robinhood, Says FTX Fallout Will Weigh on Crypto Trading Revenue

Robinhood Markets (HOOD) faces potential headline risk from imminent SEC market structure proposals, a cautious stock market outlook and potential fallout from the FTX collapse hitting crypto trading revenue, Citi (C) said in a research report Tuesday.

The bank downgraded its rating on the stock to neutral from buy and cut its price target to $10 from $11. Robinhood shares rose 0.2% to $9.58 in premarket trading. The stock has fallen around 40% this year.

(By Will Canny)

FTX's Bahamas Liquidators Seek to Exclude Over $200M Worth of Luxury Properties From Liquidation

US Government files charges against Sam Bankman-Fried

Sam Bankman-Fried arrested in the Bahamas, expected to be extradited to U.S.

What Media Has Sam Bankman-Fried Invested in Other Than The Block? Here Is a List

FTX Token $0.81

-4.88%

Robinhood FTX

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Citi Downgrades Robinhood, Says FTX Fallout Will Weigh on Crypto Trading Revenue

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