Robinhood Markets (NASDAQ:HOOD) Stock Price Target Lowered at Wells Fargo & Company

Key Points

• Wells Fargo lowered Robinhood’s price target from $120 to $100 and maintained an “equal weight” rating, implying about 5.75% upside from the current price.
• Analyst sentiment remains broadly positive, with Robinhood holding a consensus “Moderate Buy” rating and an average target price of $128.54.
• Robinhood reported quarterly EPS of $0.60, exceeding the $0.56 consensus estimate, while revenue rose 11.5% year over year to $1.42 billion. However, insiders sold more than 1.09 million shares worth approximately $128.4 million over the past three months.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) had its price objective decreased by investment analysts at Wells Fargo & Company from $120.00 to $100.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective indicates a potential upside of 5.75% from the company's current price.

HOOD has been the subject of several other research reports. China Renaissance initiated coverage on shares of Robinhood Markets in a research note on Tuesday, July 7th. They issued a "buy" rating and a $156.80 price objective for the company. Mizuho boosted their target price on Robinhood Markets from $130.00 to $140.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 9th. Bank of America upped their target price on Robinhood Markets from $140.00 to $156.00 and gave the company a "buy" rating in a report on Monday, October 5th. Jefferies Financial Group lifted their price target on Robinhood Markets from $127.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, September 8th. Finally, The Goldman Sachs Group upped their price objective on Robinhood Markets from $144.00 to $145.00 and gave the company a "buy" rating in a research note on Tuesday, September 29th. Two 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $128.54.

Robinhood Markets Price Performance

Shares of Robinhood Markets stock opened at $94.56 on Wednesday. The business has a 50-day simple moving average of $108.78 and a 200 day simple moving average of $93.44. Robinhood Markets has a one year low of $63.51 and a one year high of $150.47. The firm has a market capitalization of $85.02 billion, a price-to-earnings ratio of 41.66 and a beta of 2.35.

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

Insider Activity at Robinhood Markets

In related news, insider Daniel Gallagher, Jr. sold 10,000 shares of Robinhood Markets 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 completion of the sale, the insider owned 499,943 shares of the company's stock, valued at approximately $56,848,518.53. This trade represents a 1.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Baiju Bhatt sold 50,912 shares of the business's stock in a transaction dated Wednesday, October 21st. The shares were sold at an average price of $101.40, for a total value of $5,162,476.80. 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 worth $128,447,880 in the last three months. Corporate insiders own 13.48% of the company's stock.

Hedge Funds Weigh In On Robinhood Markets

Several hedge funds have recently bought and sold shares of the company. C M Bidwell & Associates Ltd. bought a new position in Robinhood Markets in the 2nd quarter valued at $27,000. James T. Borello RIA bought a new position in shares of Robinhood Markets during the 3rd quarter valued at about $29,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Robinhood Markets in the 1st quarter worth approximately $33,000. Glen Eagle Advisors LLC lifted its stake in 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 purchasing an additional 285 shares during the last quarter. Finally, Continuum Advisory LLC purchased a new stake in Robinhood Markets during the 2nd quarter valued at about $40,000. Hedge funds and other institutional investors own 93.27% of the company's stock.

Key Headlines Impacting Robinhood Markets

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, while net deposits reached $16 billion and Robinhood Gold subscribers rose to a record 5.2 million. Robinhood Reports Third Quarter 2026 Results
• Positive Sentiment: Strong options, equity and prediction-market activity helped offset cryptocurrency weakness. Event-contract trading reached a record, and the company said 14 business lines now generate at least $100 million in annualized revenue, supporting its strategy to diversify beyond crypto. Robinhood Q3 Highlights
• Positive Sentiment: Analysts remain broadly constructive. Citizens JMP reaffirmed “market outperform” with a $165 target, while Rosenblatt and BTIG maintained “buy” ratings with $135 targets. KeyCorp and Scotiabank also kept positive ratings despite lowering their targets to $135 and $124, respectively.
• Positive Sentiment: A partnership with Ripple to expand RLUSD access could broaden Robinhood’s stablecoin, institutional-market and treasury-management capabilities. Ripple strikes deal with Robinhood
• Neutral Sentiment: Several firms reduced price targets, including Truist to $125 and Needham to $116. The cuts indicate more cautious near-term assumptions, although each firm retained a buy-equivalent rating.
• Negative Sentiment: Crypto revenue declined 55% year over year to roughly $120 million as cryptocurrency markets cooled. Reported diluted EPS of $0.51 fell short of some Wall Street estimates, and revenue was slightly below consensus. Robinhood shares fall as crypto markets chill drives profit miss
• Negative Sentiment: Robinhood did not provide a 2026 outlook for total operating expenses, increasing uncertainty about margins. The Ohio Casino Control Commission also issued a cease-and-desist letter demanding that the company stop offering sports-related event contracts in the state.
• Negative Sentiment: Reports of substantial insider selling added pressure and may reinforce concerns about valuation and shareholder confidence.

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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