Robinhood Markets (NASDAQ:HOOD) Price Target Cut to $128.00 by Analysts at The Goldman Sachs Group

Key Points

• Goldman Sachs cut Robinhood’s price target from $145 to $128 but maintained a “buy” rating, implying roughly 41% upside from the reported $90.59 share price.
• Analyst sentiment remains broadly positive: Robinhood has a consensus “Moderate Buy” rating and an average price target of $127.48, despite several firms recently reducing targets.
• Recent results showed strong revenue growth and record deposits, assets and Gold subscribers, but crypto revenue fell 55%, expenses pressured profitability, and uncertainty over costs and regulatory scrutiny weighed on the outlook.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) had its price target cut by equities research analysts at The Goldman Sachs Group from $145.00 to $128.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. The Goldman Sachs Group's target price points to a potential upside of 41.29% from the stock's current price.

Other analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods lifted their target price on shares of Robinhood Markets from $100.00 to $115.00 and gave the stock a "market perform" rating in a research note on Tuesday, September 29th. Mizuho raised their price objective on Robinhood Markets from $130.00 to $140.00 and gave the stock an "outperform" rating in a report on Wednesday, September 9th. Bank of America lifted their price objective on Robinhood Markets from $140.00 to $156.00 and gave the company a "buy" rating in a research report on Monday, October 5th. Compass Point lifted their price objective on Robinhood Markets from $126.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, October 2nd. Finally, Raymond James Financial reiterated a "market perform" rating on shares of Robinhood Markets in a research note on Monday, October 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Robinhood Markets has a consensus rating of "Moderate Buy" and an average price target of $127.48.

Robinhood Markets Price Performance

Shares of NASDAQ:HOOD traded down $3.97 on Wednesday, hitting $90.59. The company had a trading volume of 25,629,675 shares, compared to its average volume of 26,554,152. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.23. Robinhood Markets has a 52-week low of $63.51 and a 52-week high of $150.47. The business has a 50 day moving average of $108.78 and a 200 day moving average of $93.44. The company has a market cap of $81.45 billion, a PE ratio of 39.89, a PEG ratio of 1.89 and a beta of 2.35.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.04. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.44 billion. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. The company's quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 earnings per share. As a group, equities analysts anticipate that Robinhood Markets will post 2.19 earnings per share for the current fiscal year.

Insider Buying and Selling at Robinhood Markets

In related news, CEO Vladimir Tenev sold 375,000 shares of Robinhood Markets stock in a transaction on Monday, October 5th. The stock was sold at an average price of $113.72, for a total value of $42,645,000.00. Following the transaction, the chief executive officer owned 375,000 shares in the company, valued at approximately $42,645,000. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Gallagher, Jr. sold 10,000 shares of the company's stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $113.71, for a total value of $1,137,100.00. Following the sale, the insider owned 499,943 shares of the company's stock, valued at $56,848,518.53. This represents a 1.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 1,091,347 shares of company stock worth $128,447,880. 13.48% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. C M Bidwell & Associates Ltd. purchased a new position in shares of Robinhood Markets in the 2nd quarter valued at $27,000. James T. Borello RIA purchased a new position in Robinhood Markets in the third quarter valued at about $29,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Robinhood Markets during the first quarter worth about $33,000. Glen Eagle Advisors LLC boosted its position in shares of Robinhood Markets by 100.7% in the first quarter. Glen Eagle Advisors LLC now owns 568 shares of the company's stock worth $39,000 after buying an additional 285 shares during the period. Finally, Continuum Advisory LLC acquired a new stake in shares of Robinhood Markets in the second quarter valued at about $40,000. Hedge funds and other institutional investors own 93.27% of the company's stock.

Robinhood Markets News Summary

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

• Positive Sentiment: Robinhood reported record third-quarter revenue of approximately $1.42 billion, up about 12% year over year. Net deposits reached $16 billion, platform assets rose to $396 billion, and Gold subscribers hit a record 5.2 million. The company also said it now has 14 business lines generating at least $100 million in annualized revenue. Robinhood Reports Third Quarter 2026 Results
• Positive Sentiment: Prediction markets, options and other newer products helped offset the crypto slowdown. Bernstein said prediction markets and additional offerings could provide meaningful long-term growth, while Robinhood’s AI trading agents have already attracted roughly 200,000 customers using real money. Robinhood to rally on prediction markets and new offerings
• Positive Sentiment: Several analysts maintained bullish ratings despite reducing their targets. KeyCorp, Truist, Needham, Barclays and Scotiabank continue to view HOOD favorably, while Citizens JMP reiterated an outperform rating with a $165 target. Barclays analyst rating
• Neutral Sentiment: Robinhood announced a partnership with Ripple to expand RLUSD stablecoin use, institutional-market capabilities and treasury-management infrastructure. The deal supports Robinhood’s broader financial-super-app strategy, but its near-term financial impact is unclear. Ripple strikes deal with Robinhood
• Negative Sentiment: Crypto revenue fell 55% year over year to about $120 million, while lower interest income and higher expenses pressured profitability. GAAP diluted EPS declined year over year and missed some analyst estimates, even though adjusted EPS of $0.60 exceeded the $0.56 consensus. Revenue also came in slightly below expectations. Robinhood shares fall as crypto markets chill drives profit miss
• Negative Sentiment: Management did not provide a 2026 total operating-expense outlook, adding uncertainty around margins. Ohio regulators also issued a cease-and-desist letter demanding that Robinhood stop offering sports-related event contracts in the state. Robinhood stock tumbles after earnings
• Negative Sentiment: Analysts broadly lowered price targets, including Barclays to $115 and Wells Fargo to $100, signaling reduced near-term earnings expectations. Reports of substantial insider selling added another source of selling pressure. Wells Fargo analyst rating

About Robinhood Markets

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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