3 Robinhood Stocks With the Most Projected Downside, According to Wall Street
Over the past year, retail investors have made their presence known on Wall Street. In particular, they've flocked to popular online investing app Robinhood. We know this, because Robinhood gained approximately 3 million new users in 2020, yet the average age of its user base is only 31.
While it's great to see young investors putting their money to work in a proven wealth creator (the stock market), the lack of experience for these millennial and/or novice investors is clearly visible on Robinhood's leaderboard, which details the 100 most-held stocks on the platform. Quite a few of Robinhood investors' most-held stocks are momentum plays or penny stocks that lack true substance -- and this isn't a fact that's lost on Wall Street.
According to the consensus one-year price targets of Wall Street analysts, three of the most popular Robinhood stocks offer projected downside ranging from 28% to as much as 77%. You could rightly say that these are the stocks Wall Street believes you should avoid.
Source Fool.com
