Citigroup lowers Robinhood PT on crypto pullback

** Brokerage Citigroup cuts price target on Robinhood Market's HOOD.O stock to $50 from $60

** Citigroup says that the pullback in crypto prices has weighed on the stock

** Bitcoin BTC=, the world's largest cryptocurrency, has lost nearly 9% YTD and is trading below the $85,000 mark

** HOOD seems fully valued even after the recent pullback, in our view; if crypto prices continue to languish and/or competitive pressure in the asset class increases, headwinds for the stock could persist - brokerage

** Fourteen of 21 brokerages rate the stock "buy" or higher and 7 "hold"; their median PT is $63.50 - data compiled by LSEG

** As of last close, HOOD up nearly 13% YTD