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Robinhood Markets (HOOD) Stock Forecast & Price Target

$22.02
-0.85 (-3.72%)
(As of 01:33 PM ET)

Robinhood Markets - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 16 Wall Street analysts who have issued ratings for Robinhood Markets in the last 12 months, the stock has a consensus rating of "Hold." Out of the 16 analysts, 3 have given a sell rating, 7 have given a hold rating, and 6 have given a buy rating for HOOD.

Consensus Price Target

$21.23
-3.57% Downside
High Forecast$30.00
Average Forecast$21.23
Low Forecast$9.50

According to the 16 analysts' twelve-month price targets for Robinhood Markets, the average price target is $21.23. The highest price target for HOOD is $30.00, while the lowest price target for HOOD is $9.50. The average price target represents a forecasted downside of -3.57% from the current price of $22.02.

TypeCurrent Forecast
7/25/23 to 7/24/24
1 Month Ago
6/25/23 to 6/24/24
3 Months Ago
4/26/23 to 4/25/24
1 Year Ago
7/25/22 to 7/25/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
5 Buy rating(s)
4 Buy rating(s)
3 Buy rating(s)
Hold
7 Hold rating(s)
7 Hold rating(s)
7 Hold rating(s)
5 Hold rating(s)
Sell
3 Sell rating(s)
3 Sell rating(s)
3 Sell rating(s)
3 Sell rating(s)
Consensus Price Target$21.23$20.18$18.88$12.09
Forecasted Upside-3.57% Downside13.70% Upside11.71% Upside13.15% Upside
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HOOD Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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HOOD Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Robinhood Markets Stock vs. The Competition

TypeRobinhood MarketsFinance CompaniesS&P 500
Consensus Rating Score
2.19
2.45
2.51
Consensus RatingHoldHoldModerate Buy
Predicted Upside-7.16% Downside35.79% Upside9.74% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/19/2024KeyCorp
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$23.00 ➝ $25.00+9.51%
7/11/2024The Goldman Sachs Group
2 of 5 stars
 Boost TargetNeutral ➝ Neutral$19.00 ➝ $21.00-6.75%
7/10/2024Barclays
2 of 5 stars
 Boost TargetUnderweight ➝ Underweight$18.00 ➝ $20.00-10.39%
7/9/2024Piper Sandler
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 Boost TargetNeutral ➝ Neutral$18.00 ➝ $20.00-9.46%
6/26/2024Wolfe Research
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S. Chubak
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UpgradePeer Perform ➝ Outperform$29.00+30.98%
6/20/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetHold ➝ Hold$19.00 ➝ $20.00-8.51%
6/13/2024Citigroup
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 Boost TargetSell ➝ Sell$16.00 ➝ $18.00-22.91%
6/7/2024JMP Securities
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 Reiterated RatingMarket Outperform ➝ Market Outperform$30.00 ➝ $30.00+31.75%
6/6/2024Needham & Company LLC
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 Reiterated RatingHold
5/17/2024Bank of America
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 UpgradeUnderperform ➝ Buy$14.00 ➝ $24.00+34.08%
5/10/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$18.00 ➝ $19.00+14.80%
5/6/2024Mizuho
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 Boost TargetBuy ➝ Buy$20.00 ➝ $21.00+16.99%
4/3/2024Keefe, Bruyette & Woods
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 Initiated CoverageMarket Perform$20.00+4.17%
3/14/2024Sanford C. Bernstein
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 Initiated CoverageOutperform$30.00+74.83%
2/14/2024JPMorgan Chase & Co.
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 Boost TargetUnderweight ➝ Underweight$10.00 ➝ $12.00-7.26%
12/1/2023Redburn Atlantic
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 Initiated CoverageNeutral$9.50+7.95%
8/31/2022Atlantic Securities
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 Boost TargetUnderweight$5.00 ➝ $7.00-26.08%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 01:52 PM ET.

HOOD Forecast - Frequently Asked Questions

What is Robinhood Markets' forecast for 2024?

According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Robinhood Markets is $21.23, with a high forecast of $30.00 and a low forecast of $9.50.

Should I buy or sell Robinhood Markets stock right now?

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Robinhood Markets in the last twelve months. There are currently 3 sell ratings, 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" HOOD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HOOD, but not buy additional shares or sell existing shares.

Does Robinhood Markets's stock price have much upside?

According to analysts, Robinhood Markets's stock has a predicted upside of 9.68% based on their 12-month stock forecasts.

Has Robinhood Markets been upgraded by Wall Street analysts recently?

Over the previous 90 days, Robinhood Markets's stock had 2 upgrades by analysts.

What analysts cover Robinhood Markets?
Do Wall Street analysts like Robinhood Markets more than its competitors?

Analysts like Robinhood Markets less than other "finance" companies. The consensus rating score for Robinhood Markets is 2.19 while the average consensus rating score for "finance" companies is 2.45. Learn more on how HOOD compares to other companies.


This page (NASDAQ:HOOD) was last updated on 7/24/2024 by MarketBeat.com Staff

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