Robinhood Markets (NASDAQ:HOOD) Price Target Raised to $126.00

by · The Cerbat Gem

Robinhood Markets (NASDAQ:HOOD – Free Report) had its target price boosted by Needham & Company LLC from $123.00 to $126.00 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms have also recently weighed in on HOOD. The Goldman Sachs Group upped their price objective on shares of Robinhood Markets from $144.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, September 29th. Jefferies Financial Group raised their target price on shares of Robinhood Markets from $127.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, September 8th. Compass Point raised their target price on shares of Robinhood Markets from $126.00 to $145.00 and gave the company a “buy” rating in a report on Friday, October 2nd. Citizens Jmp boosted their target price on shares of Robinhood Markets from $155.00 to $165.00 and gave the company a “market outperform” rating in a research report on Friday, September 11th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $145.00 price target (up from $135.00) on shares of Robinhood Markets in a report on Wednesday, September 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Robinhood Markets has a consensus rating of “Moderate Buy” and an average target price of $130.29.

View Our Latest Analysis on HOOD

Robinhood Markets Stock Performance

HOOD opened at $95.07 on Wednesday. The firm has a market cap of $85.48 billion, a P/E ratio of 41.88, a price-to-earnings-growth ratio of 1.92 and a beta of 2.35. Robinhood Markets has a 52-week low of $63.51 and a 52-week high of $150.47. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.22 and a current ratio of 1.22. The business’s fifty day moving average is $109.40 and its 200-day moving average is $97.21.

Robinhood Markets (NASDAQ:HOOD – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.18. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the business earned $0.42 earnings per share. Robinhood Markets’s revenue was up 32.5% on a year-over-year basis. Sell-side analysts expect that Robinhood Markets will post 2.19 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Vladimir Tenev sold 375,000 shares of the business’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $113.72, for a total transaction of $42,645,000.00. Following the completion of the transaction, the chief executive officer owned 375,000 shares of the company’s stock, valued at approximately $42,645,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Shiv Verma sold 11,472 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $110.42, for a total value of $1,266,738.24. Following the transaction, the chief financial officer directly owned 56,858 shares of the company’s stock, valued at $6,278,260.36. This trade represents a 16.79% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 1,091,347 shares of company stock worth $128,447,880. 13.48% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. C M Bidwell & Associates Ltd. bought a new position in shares of Robinhood Markets in the second quarter worth about $27,000. James T. Borello RIA bought a new stake in shares of Robinhood Markets during the 3rd quarter valued at approximately $29,000. SHP Wealth Management bought a new stake in shares of Robinhood Markets during the 4th quarter valued at approximately $32,000. Cassaday & Co Wealth Management LLC acquired a new position in Robinhood Markets during the 1st quarter worth approximately $33,000. Finally, Glen Eagle Advisors LLC increased its position in Robinhood Markets by 100.7% during the 1st quarter. Glen Eagle Advisors LLC now owns 568 shares of the company’s stock worth $39,000 after purchasing an additional 285 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Key Robinhood Markets News

Here are the key news stories impacting Robinhood Markets this week:

  • Positive Sentiment: Analyst support: Rosenblatt Securities initiated coverage with a Buy rating and a $135 price target, while other analysts have raised price targets or upgraded the shares. The bullish views reflect confidence in Robinhood’s growth prospects and diversified business model. Rosenblatt initiates coverage
  • Positive Sentiment: Dubai expansion: Robinhood received authorization to offer stock and cryptocurrency trading in Dubai and plans a Middle Eastern launch in 2027. The move could expand its addressable market and add a new international growth channel. Robinhood Dubai license
  • Positive Sentiment: Broader product ecosystem: Robinhood is expanding beyond traditional brokerage through prediction markets, cryptocurrency perpetual futures, tokenized assets and its advisor-services platform. Reported increases in bitcoin, gold and other prediction-market activity could support transaction revenue and customer engagement. Robinhood prediction markets
  • Positive Sentiment: Robinhood stock tokens becoming eligible as collateral on Morpho could improve the utility of tokenized securities and strengthen the company’s blockchain strategy. Robinhood stock tokens on Morpho
  • Neutral Sentiment: Investors are focused on Robinhood’s third-quarter results, scheduled for October 27. Forecasts emphasize trading activity, net deposits, recurring revenue and crypto volumes as key indicators of whether the company’s multiproduct strategy is translating into sustained earnings growth. Robinhood earnings preview
  • Negative Sentiment: Crypto-revenue risk: Robinhood’s crypto revenue reportedly fell 38% year over year to $100 million in the second quarter, marking a third consecutive quarterly decline. A potential rebound in late-quarter activity may not fully offset the weakness. Robinhood crypto revenue
  • Negative Sentiment: Director Baiju Bhatt sold 50,912 shares worth approximately $5.16 million under a pre-arranged Rule 10b5-1 plan. Because the sale was scheduled in advance, it is not necessarily a signal of deteriorating fundamentals, but it can weigh on sentiment.

Robinhood Markets Company Profile

(Get Free Report)

Robinhood Markets, Inc is a financial services company that operates a digital brokerage platform. Founded in 2013 by Vlad Tenev and Baiju Bhatt, the company became known for offering commission-free trading and a mobile-first investing experience designed to broaden access to financial markets.

Through its platform, Robinhood provides brokerage services for stocks, exchange-traded funds, options and other investments. Its offerings also include cryptocurrency trading, individual retirement accounts, margin investing, cash management services and Robinhood Gold, a subscription-based product that provides additional features and benefits.

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