Crypto May Keep Dragging on Robinhood. Why One Analyst Is Raising Earnings Estimates.

The crypto winter is likely to keep chilling Robinhood Markets but that’s no reason to be completely bearish. One analyst has even significantly raised estimates for full-year profit while cutting sales expectations ahead of first-quarter results due next week. Like peer Coinbase Global (ticker: COIN), broker Robinhood (HOOD) is heavily reliant on retail investors—a flighty cohort that tends to pile into bull markets and flee bears, causing swings in quarterly results amid the shifting w