Wells Fargo cuts Robinhood price target to $100 from $120

The signal here is less about Robinhood specifically than about how a single bank's target revisions can move the narrative around a name that has become a proxy for retail crypto and equity trading activity. Without a stated rationale, the cut carries limited informational weight, and pairing it with an unrelated Boeing reduction suggests a broader house-view adjustment rather than a targeted call on the business. What's worth watching is whether other sell-side desks follow with their own revisions, which would indicate a shift in consensus rather than one analyst's housekeeping.