Scotiabank Issues Pessimistic Forecast for Robinhood Markets (NASDAQ:HOOD) Stock Price

Key Points

• Scotiabank lowered Robinhood’s price target from $136 to $124 while maintaining a “sector outperform” rating, implying approximately 31% upside from the stock’s reported $94.56 price. Analysts overall remain positive, with a consensus “Moderate Buy” rating and average target of $129.17.
• Robinhood reported adjusted EPS of $0.60, ahead of the $0.56 estimate, while revenue rose 11.5% year over year to $1.42 billion but came in slightly below expectations. Growth in event contracts, deposits, assets and Gold subscribers helped offset a 55% decline in crypto revenue.
• Insiders sold approximately $128.4 million of shares over the past 90 days, while institutional investors own 93.27% of the stock. The shares have also traded below their 200-day moving average, a potential negative technical signal.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) had its price objective lowered by equities research analysts at Scotiabank from $136.00 to $124.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a "sector outperform" rating on the stock. Scotiabank's price objective would suggest a potential upside of 31.13% from the stock's current price.

HOOD has been the subject of a number of other research reports. Barclays boosted their price target on Robinhood Markets from $105.00 to $132.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 7th. Bank of America upped their target price on Robinhood Markets from $140.00 to $156.00 and gave the stock a "buy" rating in a research report on Monday, October 5th. Benchmark upgraded Robinhood Markets to a "strong-buy" rating in a report on Wednesday, September 9th. BTIG Research restated a "buy" rating and issued a $135.00 price objective on shares of Robinhood Markets in a research note on Wednesday. Finally, Wall Street Zen raised shares of Robinhood Markets from a "sell" rating to a "hold" rating in a report on Saturday. 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $129.17.

Robinhood Markets Trading Up 1.9%

Shares of Robinhood Markets stock opened at $94.56 on Wednesday. The company has a market cap of $85.02 billion, a P/E ratio of 41.66 and a beta of 2.35. The stock has a 50-day moving average price of $108.78 and a 200 day moving average price of $93.44. Robinhood Markets has a 1 year low of $63.51 and a 1 year high of $150.47.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.60 EPS 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 analysts' expectations of $1.44 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The business's revenue for the quarter was up 11.5% on a year-over-year basis. On average, equities analysts forecast that Robinhood Markets will post 2.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Oluwadara Treseder sold 1,875 shares of the business's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total transaction of $234,375.00. Following the transaction, the director owned 70,567 shares of the company's stock, valued at approximately $8,820,875. The trade was a 2.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 company's stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $110.42, for a total transaction of $1,266,738.24. Following the transaction, the chief financial officer directly owned 56,858 shares of the company's stock, valued at $6,278,260.36. This represents a 16.79% decrease in their position. 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 1,091,347 shares of company stock valued at $128,447,880 in the last ninety days. Company insiders own 13.48% of the company's stock.

Hedge Funds Weigh In On Robinhood Markets

Several institutional investors have recently added to or reduced their stakes in HOOD. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Robinhood Markets by 10.2% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,812,999 shares of the company's stock worth $472,141,000 after acquiring an additional 632,403 shares in the last quarter. Amundi raised its position in Robinhood Markets by 89.0% in the 1st quarter. Amundi now owns 6,385,232 shares of the company's stock valued at $442,497,000 after purchasing an additional 3,007,103 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Robinhood Markets in the second quarter valued at about $379,695,000. Amova Asset Management Americas Inc. lifted its position in shares of Robinhood Markets by 15.0% during the first 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 in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Robinhood Markets by 48.6% in the 1st 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. 93.27% of the stock is owned by institutional investors.

Key Stories Impacting Robinhood Markets

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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