Barclays Reiterates Buy on Robinhood (HOOD) but Sets $82 Target, Implying 20% Downside on June 22

According to Barclays, on June 22, analyst Benjamin Budish reiterated his Buy rating on Robinhood Markets (NASDAQ: HOOD) but set his price target at $82, implying close to 20% downside from current levels where the stock traded around $103.25. The downside call comes after Robinhood announced plans to sell $2 billion in convertible senior notes due 2029, with roughly $300 million earmarked for share buybacks.
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