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HOOD
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257 days

Robinhood Price Levels to Watch as Stock Drops After Promotion Causes Revenue Miss

1. Robinhood missed Q3 revenue estimates, causing a 17% stock drop. 2. The revenue was $637 million, below the $653.1 million forecast. 3. Support levels to watch are $24, $22, and $20.50. 4. Potential upside target calculated at $31.50 if recovery occurs. 5. 2023 has seen an 85% gain in HOOD stock amid retail trading recovery.

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FAQ

Why Bearish?

Missed earnings forecasts often lead to decreased investor confidence, similar to prior quarterly misses.

How important is it?

Earnings performance directly affects stock price and investor sentiment, leading to significant price movements.

Why Short Term?

Stock volatility expected in the wake of earnings report; however, long-term potential remains intact.

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