5 Stocks to Watch on Friday

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In this article, we take a look at five stocks that are trending today. If you want to take a look at some more stocks that are in the news today and the latest market situation, go to 10 Stocks to Watch on Friday.

5. Robinhood Markets, Inc. (NASDAQ:HOOD) has plummeted 5.4% as of 10:23 AM ET after the Menlo Park, California-based financial services provider was downgraded to a Sell rating by William Nance at Goldman Sachs. The analyst believes that there is weakness in Robinhood Markets, Inc.’s (NASDAQ:HOOD) retail engagement levels. This is accompanied by slow account growth and a challenging path to profitability in the short term. Nance has given Robinhood Markets, Inc. (NASDAQ:HOOD) a price target of $13, reflecting a potential upside of 3.9% from the last closing price.

Of the 924 hedge funds being tracked by Insider Monkey, 24 funds held a stake in Robinhood Markets, Inc. (NASDAQ:HOOD) as of Q4 2021.

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