Published by
Benzinga
Needham analyst John Todaro reiterated a Hold rating on Robinhood Markets, Inc (NASDAQ:HOOD). The analyst modestly increased his estimates for fourth-quarter 2023, driven by higher than initially forecast crypto transactional volumes and revenue. Todaro expects crypto revenue to be near first-quarter 2023 levels and should represent a bright spot and the main driver of transaction-based revenue growth sequentially. Also Read: Fintech Analysis: Robinhood and Block Shine While PayPal Struggles, KeyBanc Analyst Additionally, he increased net interest revenue for 2024 as expectations for the first…
