Robinhood Shares Drop Over 10% in Pre-Market Trading After Q3 Earnings Report
Robinhood's shares fell by over 10% in premarket trading on Thursday after the release of its Q3 earnings report. JPMorgan noted that the negative response was expected due to the stock's significant outperformance this year. JMP, a broker, raised its Robinhood price target from $30 to $33. Despite the drop, Robinhood's shares have more than doubled this year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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