Truist Financial Has Lowered Expectations for Robinhood Markets (NASDAQ:HOOD) Stock Price

Key Points

• Truist Financial lowered its Robinhood price target from $134 to $125 but maintained a “buy” rating, implying approximately 32% upside from the prior close. Analysts’ consensus remains “Moderate Buy,” with an average target of $129.70.
• Robinhood reported quarterly adjusted EPS of $0.60, above the $0.56 consensus, while revenue rose 11.5% year over year to $1.42 billion, slightly below expectations. Growth in event contracts, options and Gold subscribers helped offset a sharp decline in crypto revenue.
• Insiders sold more than 1.09 million shares worth approximately $128.4 million during the quarter, including substantial sales by CEO Vladimir Tenev and director Baiju Bhatt. Institutional investors still own a large 93.27% stake in the company.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) had its target price dropped by analysts at Truist Financial from $134.00 to $125.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a "buy" rating on the stock. Truist Financial's price target would suggest a potential upside of 32.19% from the stock's previous close.

Several other equities analysts also recently commented on the stock. KeyCorp boosted their target price on shares of Robinhood Markets from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Wednesday, September 30th. Wells Fargo & Company cut their target price on shares of Robinhood Markets from $125.00 to $120.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 14th. Rothschild & Co Redburn raised their target price on shares of Robinhood Markets from $78.00 to $80.00 and gave the company a "sell" rating in a research note on Friday, August 14th. Rosenblatt Securities reiterated a "buy" rating and issued a $135.00 price target on shares of Robinhood Markets in a report on Wednesday. Finally, 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 target on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $129.70.

Robinhood Markets Trading Up 1.9%

Shares of HOOD opened at $94.56 on Wednesday. The business's 50 day moving average is $108.78 and its 200 day moving average is $93.44. Robinhood Markets has a 12-month low of $63.51 and a 12-month high of $150.47. The company has a market capitalization of $85.02 billion, a PE ratio of 41.66 and a beta of 2.35.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate 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. During the same quarter in the previous year, the company earned $0.61 earnings per share. The company's revenue for the quarter was up 11.5% compared to the same quarter last year. Equities research analysts predict that Robinhood Markets will post 2.19 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Vladimir Tenev sold 375,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 375,000 shares in the company, valued at approximately $42,645,000. This represents a 50.00% decrease in their position. The transaction 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, 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 transaction of $5,162,476.80. 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 have sold 1,091,347 shares of company stock worth $128,447,880. Insiders own 13.48% of the company's stock.

Hedge Funds Weigh In On Robinhood Markets

Several institutional investors have recently bought and sold shares of HOOD. Crossmark Global Holdings Inc. grew its stake in shares of Robinhood Markets by 0.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 27,405 shares of the company's stock worth $3,083,000 after buying an additional 102 shares in the last quarter. Lake Street Private Wealth LLC increased its holdings in shares of Robinhood Markets by 0.3% in the 3rd quarter. Lake Street Private Wealth LLC now owns 43,899 shares of the company's stock worth $4,939,000 after buying an additional 114 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Robinhood Markets by 11.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,089 shares of the company's stock valued at $109,000 after buying an additional 116 shares in the last quarter. Root Financial Partners LLC raised its position in shares of Robinhood Markets by 5.4% during the 3rd quarter. Root Financial Partners LLC now owns 2,510 shares of the company's stock valued at $282,000 after buying an additional 129 shares in the last quarter. Finally, Brookstone Capital Management raised its position in shares of Robinhood Markets by 2.5% during the 3rd quarter. Brookstone Capital Management now owns 5,230 shares of the company's stock valued at $588,000 after buying an additional 129 shares in the last quarter. Institutional investors own 93.27% of the company's stock.

Robinhood Markets News Roundup

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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