Robinhood Markets (NASDAQ:HOOD) Stock Price Target Cut by Needham & Company LLC

Key Points

• Needham cut Robinhood’s price target from $126 to $116 but maintained a “Buy” rating, implying 22.67% potential upside. Analysts overall rate the stock “Moderate Buy,” with a consensus target of $129.70.
• Robinhood reported third-quarter revenue of approximately $1.42 billion, up 11.5% year over year, while adjusted EPS of $0.60 exceeded estimates. Growth in event contracts, options, deposits and Gold subscribers helped offset a 55% decline in crypto revenue.
• Insiders sold more than 1.09 million shares worth $128.4 million over the past 90 days, while institutional investors own 93.27% of the stock. Shares opened at $94.56, below the 50-day moving average but above the 200-day average of $93.44.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) had its target price cut by Needham & Company LLC from $126.00 to $116.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a "buy" rating on the stock. Needham & Company LLC's price target suggests a potential upside of 22.67% from the company's current price.

Other equities research analysts also recently issued research reports about the company. Raymond James Financial reiterated a "market perform" rating on shares of Robinhood Markets in a report on Monday, October 5th. Morgan Stanley raised their price objective on Robinhood Markets from $150.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, October 9th. Truist Financial lifted their price objective on shares of Robinhood Markets from $130.00 to $134.00 and gave the stock a "buy" rating in a report on Tuesday, October 13th. Jefferies Financial Group upped their target price on shares of Robinhood Markets from $127.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, September 8th. Finally, CICC Research increased their target price on shares of Robinhood Markets from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Robinhood Markets currently has a consensus rating of "Moderate Buy" and a consensus price target of $129.70.

Robinhood Markets Stock Performance

HOOD stock opened at $94.56 on Wednesday. The business has a 50-day simple moving average of $108.78 and a two-hundred day simple moving average of $93.44. The company has a market capitalization of $85.02 billion, a P/E ratio of 41.66 and a beta of 2.35. Robinhood Markets has a 52-week low of $63.51 and a 52-week high of $150.47.

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

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, insider Daniel Gallagher, Jr. sold 10,000 shares of the company's stock in a transaction on 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 completion of the transaction, the insider owned 499,943 shares in the company, valued at $56,848,518.53. This represents a 1.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Baiju Bhatt sold 50,912 shares of the firm's stock in a transaction on Wednesday, October 21st. The shares were sold at an average price of $101.40, for a total value of $5,162,476.80. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,091,347 shares of company stock valued at $128,447,880 in the last ninety days. 13.48% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Robinhood Markets

Several institutional investors have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. increased its holdings in Robinhood Markets by 10.2% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,812,999 shares of the company's stock worth $472,141,000 after buying an additional 632,403 shares during the last quarter. Amundi raised its position in Robinhood Markets by 89.0% in the first quarter. Amundi now owns 6,385,232 shares of the company's stock worth $442,497,000 after acquiring an additional 3,007,103 shares during the period. Bank of New York Mellon Corp purchased a new position in Robinhood Markets in the second quarter valued at about $379,695,000. Amova Asset Management Americas Inc. boosted its stake in Robinhood Markets by 15.0% in the first quarter. Amova Asset Management Americas Inc. now owns 5,240,796 shares of the company's stock valued at $362,925,000 after acquiring an additional 685,041 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Robinhood Markets by 48.6% in the first quarter. Renaissance Technologies LLC now owns 5,104,137 shares of the company's stock valued at $353,717,000 after acquiring an additional 1,668,400 shares during the last quarter. Institutional investors 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: 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

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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