Robinhood Markets' (HOOD) "Buy" Rating Reaffirmed at Rosenblatt Securities

Key Points

• Rosenblatt Securities reaffirmed its “Buy” rating on Robinhood Markets with a $135 price target, implying 48.36% upside from the prior close.
• Analyst sentiment remains broadly positive: Robinhood has a consensus “Moderate Buy” rating and an average price target of $128.54, supported by 27 Buy and two Strong Buy ratings.
• Robinhood exceeded quarterly EPS expectations, but revenue was slightly below forecasts; the stock fell to $90.99 amid crypto weakness and significant insider selling, including sales by CEO Vladimir Tenev.

Robinhood Markets (NASDAQ:HOOD - Get Free Report)'s stock had its "buy" rating reaffirmed by Rosenblatt Securities in a report released on Wednesday, Benzinga reports. They presently have a $135.00 price objective on the stock. Rosenblatt Securities's target price indicates a potential upside of 48.36% from the stock's previous close.

Other equities analysts also recently issued research reports about the company. BTIG Research boosted their price target on Robinhood Markets from $125.00 to $135.00 and gave the stock a "buy" rating in a research report on Tuesday, September 29th. Zacks Research raised Robinhood Markets from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 3rd. Citigroup reissued a "market outperform" rating on shares of Robinhood Markets in a research report on Friday, October 9th. Cantor Fitzgerald reissued an "overweight" rating on shares of Robinhood Markets in a research report on Tuesday, September 15th. Finally, JPMorgan Chase & Co. boosted their price target on Robinhood Markets from $103.00 to $115.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Robinhood Markets presently has a consensus rating of "Moderate Buy" and a consensus price target of $128.54.

Robinhood Markets Price Performance

NASDAQ HOOD traded down $3.57 during trading on Wednesday, reaching $90.99. 21,930,635 shares of the company's stock were exchanged, compared to its average volume of 26,533,896. The business has a 50 day moving average price of $108.78 and a 200-day moving average price of $93.44. The stock has a market capitalization of $81.81 billion, a P/E ratio of 40.11 and a beta of 2.35. Robinhood Markets has a fifty-two week low of $63.51 and a fifty-two week high of $150.47.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.04. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.44 billion. Robinhood Markets's quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the firm earned $0.61 EPS. On average, analysts forecast that Robinhood Markets will post 2.19 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Steven M. Quirk sold 24,416 shares of the business's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $120.33, for a total value of $2,937,977.28. Following the completion of the sale, the insider directly owned 77,839 shares in the company, valued at approximately $9,366,366.87. The trade was a 23.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Tenev sold 375,000 shares of the business's stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $113.72, for a total value of $42,645,000.00. Following the completion of the sale, the chief executive officer owned 375,000 shares of the company's stock, valued at approximately $42,645,000. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,091,347 shares of company stock valued at $128,447,880 in the last ninety days. 13.48% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Robinhood Markets

Several institutional investors have recently made changes to their positions in the stock. Sage Rhino Capital LLC boosted its stake in shares of Robinhood Markets by 10.7% in the third quarter. Sage Rhino Capital LLC now owns 2,507 shares of the company's stock valued at $282,000 after buying an additional 243 shares during the period. Childress Capital Advisors LLC boosted its stake in shares of Robinhood Markets by 4.6% in the third quarter. Childress Capital Advisors LLC now owns 7,988 shares of the company's stock valued at $899,000 after buying an additional 352 shares during the period. D.A. Davidson & CO. boosted its stake in shares of Robinhood Markets by 7.8% in the third quarter. D.A. Davidson & CO. now owns 25,902 shares of the company's stock valued at $2,914,000 after buying an additional 1,868 shares during the period. North Dakota State Investment Board boosted its stake in shares of Robinhood Markets by 4.3% in the third quarter. North Dakota State Investment Board now owns 23,530 shares of the company's stock valued at $2,647,000 after buying an additional 969 shares during the period. Finally, BLB&B Advisors LLC boosted its stake in shares of Robinhood Markets by 1.3% in the third quarter. BLB&B Advisors LLC now owns 79,844 shares of the company's stock valued at $8,982,000 after buying an additional 999 shares during the period. 93.27% of the stock is currently owned by institutional investors.

More Robinhood Markets News

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

• Positive Sentiment: Robinhood reported record quarterly revenue of approximately $1.42 billion, up about 12% year over year. Adjusted earnings of $0.60 per share exceeded the $0.56 consensus estimate. Robinhood: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Underlying growth remained strong: trailing 12-month net deposits reached $71 billion, quarterly net deposits were $16 billion, platform assets rose 19% to $396 billion, and Robinhood Gold subscribers reached a record 5.2 million.
• Positive Sentiment: Prediction markets and other newer offerings are gaining traction. Event-contract volume reached a record 16.4 billion contracts, while transaction-based businesses and options helped offset some crypto weakness. Bernstein believes prediction markets could become a $1.7 billion revenue business by 2028. Robinhood to rally on prediction markets and new offerings
• Positive Sentiment: Several analysts maintained positive ratings despite reducing price targets. Citizens JMP reaffirmed an outperform rating with a $165 target, while KeyCorp, Truist, Needham and others retained overweight or buy ratings. A new Ripple partnership could also expand Robinhood’s stablecoin, institutional-trading and treasury-management capabilities. Ripple strikes deal with Robinhood
• Neutral Sentiment: Robinhood said it now has 14 business lines generating at least $100 million in annualized revenue, supporting its strategy of becoming a broader financial-services platform. However, management did not provide a 2026 outlook for total operating expenses, limiting visibility into future margins.
• Negative Sentiment: Crypto revenue fell 55% year over year to about $120 million as subdued digital-asset markets reduced trading activity. Interest income and tighter trading spreads also weighed on results.
• Negative Sentiment: Diluted EPS declined 16% year over year to $0.51 and was below some Wall Street estimates, while reported revenue was slightly below the approximately $1.44 billion consensus. Rising costs further pressured profitability. Robinhood shares fall as crypto markets chill drives profit miss
• Negative Sentiment: The Ohio Casino Control Commission issued a cease-and-desist letter demanding that Robinhood stop offering sports-related event contracts in the state, raising regulatory risks for a key growth initiative. Continued insider selling has added to investor concerns.

Robinhood Markets Company Profile

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.