Robinhood Markets (NASDAQ:HOOD) Price Target Cut to $135.00 by Analysts at KeyCorp

Key Points

• KeyCorp cut Robinhood’s price target from $140 to $135 but maintained an “overweight” rating, implying approximately 42.8% upside from the previous close.
• Analyst sentiment remains broadly positive: Robinhood has a consensus “Moderate Buy” rating and an average price target of $129.17, supported by multiple buy or overweight recommendations.
• Robinhood’s latest quarter exceeded adjusted EPS expectations, while revenue rose 11.5% year over year; however, crypto revenue declined sharply and insiders have sold more than $128 million in stock over the past 90 days.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) had its price objective cut by equities researchers at KeyCorp from $140.00 to $135.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an "overweight" rating on the stock. KeyCorp's price objective indicates a potential upside of 42.77% from the company's previous close.

Other research analysts have also recently issued research reports about the company. Rosenblatt Securities restated a "buy" rating and issued a $135.00 price target on shares of Robinhood Markets in a research note on Wednesday. Morgan Stanley increased their price objective on Robinhood Markets from $150.00 to $160.00 and gave the company an "overweight" rating in a research report on Friday, October 9th. Bank of America increased 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. JPMorgan Chase & Co. lifted their price objective on Robinhood Markets from $103.00 to $115.00 and gave the stock a "neutral" rating in a report on Tuesday, October 20th. Finally, BTIG Research reissued a "buy" rating and issued a $135.00 target price on shares of Robinhood Markets in a research report on Wednesday. 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $129.17.

Robinhood Markets Trading Up 1.9%

Shares of HOOD stock opened at $94.56 on Wednesday. The company's fifty day moving average price is $108.78 and its 200-day moving average price is $93.44. The stock has a market cap of $85.02 billion, a PE ratio of 41.66 and a beta of 2.35. Robinhood Markets has a 12 month low of $63.51 and a 12 month high of $150.47.

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

Insider Buying and Selling

In other Robinhood Markets news, CEO Vladimir Tenev sold 375,000 shares of the business's stock in a transaction dated 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 sale, the chief executive officer directly owned 375,000 shares in the company, valued at $42,645,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 dated Tuesday, September 15th. The shares were sold at an average price of $110.42, for a total value of $1,266,738.24. Following the sale, the chief financial officer owned 56,858 shares of the company's stock, valued at approximately $6,278,260.36. This represents a 16.79% 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. Insiders have sold a total of 1,091,347 shares of company stock valued at $128,447,880 over the last ninety days. 13.48% of the stock is owned by insiders.

Hedge Funds Weigh In On Robinhood Markets

Several institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp bought a new position in shares of Robinhood Markets in the 2nd quarter worth approximately $379,695,000. Amundi increased its holdings in Robinhood Markets by 89.0% during the first quarter. Amundi now owns 6,385,232 shares of the company's stock valued at $442,497,000 after buying an additional 3,007,103 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Robinhood Markets by 48.6% during the first quarter. Renaissance Technologies LLC now owns 5,104,137 shares of the company's stock valued at $353,717,000 after buying an additional 1,668,400 shares during the last quarter. Hound Partners LLC bought a new position in Robinhood Markets in the first quarter worth approximately $73,150,000. Finally, Amova Asset Management Americas Inc. raised its holdings in Robinhood Markets by 15.0% in the 1st quarter. Amova Asset Management Americas Inc. now owns 5,240,796 shares of the company's stock worth $362,925,000 after purchasing an additional 685,041 shares during the period. 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 19% to $396 billion, and Robinhood Gold subscribers increased to a record 5.2 million. Robinhood Reports Third Quarter 2026 Results
• Positive Sentiment: Event contracts, options and other products helped offset the crypto slowdown. Event-contract activity reached a record 16.4 billion contracts, while the company said it now has 14 business lines generating at least $100 million in annualized revenue. Robinhood quarterly revenue rises 12%
• Positive Sentiment: The partnership with Ripple to expand RLUSD could support Robinhood’s stablecoin, institutional trading and treasury-management ambitions, adding potential growth beyond retail crypto trading. Ripple strikes deal with Robinhood
• Neutral Sentiment: Adjusted EPS of $0.60 exceeded the $0.56 consensus estimate, but reported diluted EPS fell 16% year over year to $0.51. The mixed earnings metrics have made investor sentiment dependent on the quality and durability of revenue growth. Robinhood Q3 Earnings Surpass Estimates
• Negative Sentiment: Crypto revenue dropped 55% from a year earlier to about $120 million as subdued crypto markets reduced trading activity. Rising costs and the slight revenue shortfall versus Wall Street expectations further pressured the earnings reaction. Robinhood shares fall as crypto markets chill drives profit miss
• Negative Sentiment: Reports of substantial insider selling added pressure, while the stock’s move below its 200-day moving average near $93.44 represents a potentially negative technical signal for momentum-focused investors. Robinhood Q3 2026 Earnings and Insider Trading Activity

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.

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