Overview
- Shares jumped nearly 10% after Bernstein reiterated an Outperform rating with a $130 target, pointing to a crypto rebound and rising prediction-market revenue.
- Pinwheel said it will power near-instant direct deposit setup for Robinhood’s banking platform, a change meant to cut the high rate of new accounts that go inactive after first funding.
- Other firms including Truist and Morgan Stanley lowered price targets, creating a split view that has kept the stock far below its 52-week peak.
- Insider disclosures show about 469,239 shares sold over three months for roughly $34.16 million, including 375,000 by CEO Vladimir Tenev under preset 10b5-1 plans.
- Two catalysts are next, with a legal hearing on event contracts on April 16 and first-quarter results on April 28 that analysts estimate at about $1.19 billion in revenue and $0.45 in EPS.