CNBC Pro

Deutsche Bank says sell Robinhood because meme stock phenomenon caused Street to overestimate growth

The logo of trading app Robinhood is displayed on a smartphone.
Olivier Douliery | AFP via Getty Images

Black-swan market events like the GameStop trading mania created unrealistic growth expectations for brokerage Robinhood, according to Deutsche Bank.

More In Street Calls

Here are Friday's biggest analyst calls: Tesla, Nike, Generac, Microsoft, Disney, Micron & more
CNBC ProHere are Friday's biggest analyst calls: Tesla, Nike, Generac, Microsoft, Disney, Micron & more
Buy this electric vehicle charging company poised to rally 120% as adoption grows, Credit Suisse says
CNBC ProBuy this electric vehicle charging company poised to rally 120% as adoption grows, Credit Suisse says
It's time to buy this residential generator leader trading at attractive levels, Cowen says
CNBC ProIt's time to buy this residential generator leader trading at attractive levels, Cowen says