There is a moment in every growth stock’s journey when the market stops giving it the benefit of the doubt, when a single bad quarter is no longer forgiven because the long-term story is so compelling. When the math starts to matter more than the narrative.

Robinhood just had that moment. And how Wall Street responded tells you exactly where the stock stands right now.

Barclays cuts Robinhood price target

Barclays analyst Benjamin Budish cut his price target on Robinhood to $82 from $89 while maintaining an overweight rating on the stock, according to TipRanks.

The timing is notable. Robinhood’s stock closed at $82.07 on April 28, right at the new Barclays target. In other words, Barclays is not calling for upside…