Robinhood Markets (NASDAQ:HOOD) Given New $120.00 Price Target at Needham & Company LLC

Robinhood Markets (NASDAQ:HOOD) had its price target lowered by equities researchers at Needham & Company LLC from $123.00 to $120.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price objective suggests a potential upside of 33.57% from the stock’s previous close.

Several other analysts also recently commented on the company. Mizuho increased their target price on Robinhood Markets from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. Argus boosted their price target on Robinhood Markets from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. KeyCorp upped their price target on Robinhood Markets from $100.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Zacks Research raised Robinhood Markets from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Robinhood Markets in a report on Thursday, July 2nd. Twenty-one analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $121.13.

Robinhood Markets Stock Performance

Shares of HOOD stock opened at $89.84 on Thursday. Robinhood Markets has a one year low of $63.51 and a one year high of $153.86. The company’s 50-day moving average is $97.55 and its 200 day moving average is $87.84. The company has a market capitalization of $80.90 billion, a price-to-earnings ratio of 43.40, a price-to-earnings-growth ratio of 1.87 and a beta of 2.33.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.18. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The business’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.42 earnings per share. As a group, research analysts predict that Robinhood Markets will post 1.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $83.68, for a total transaction of $836,800.00. Following the completion of the sale, the insider directly owned 481,396 shares in the company, valued at $40,283,217.28. The trade was a 2.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Meyer Malka purchased 250,000 shares of Robinhood Markets stock in a transaction dated Friday, June 5th. The shares were acquired at an average cost of $80.74 per share, with a total value of $20,185,000.00. Following the transaction, the director directly owned 3,924,427 shares in the company, valued at approximately $316,858,235.98. The trade was a 6.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 680,000 shares of company stock valued at $55,306,560 and sold 631,263 shares valued at $66,793,857. Company insiders own 13.48% of the company’s stock.

Institutional Investors Weigh In On Robinhood Markets

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Whitener Capital Management Inc. purchased a new stake in shares of Robinhood Markets in the 2nd quarter worth $267,000. Tema ETFs LLC lifted its position in Robinhood Markets by 9.8% during the second quarter. Tema ETFs LLC now owns 14,568 shares of the company’s stock valued at $1,461,000 after purchasing an additional 1,305 shares in the last quarter. Canvas Wealth Advisors LLC grew its holdings in Robinhood Markets by 4.6% during the second quarter. Canvas Wealth Advisors LLC now owns 42,697 shares of the company’s stock valued at $4,282,000 after purchasing an additional 1,888 shares during the period. Arkfeld Wealth Strategies L.L.C. grew its holdings in Robinhood Markets by 12.0% during the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 17,856 shares of the company’s stock valued at $1,791,000 after purchasing an additional 1,912 shares during the period. Finally, E. Ohman J or Asset Management AB increased its position in Robinhood Markets by 52.1% in the second quarter. E. Ohman J or Asset Management AB now owns 27,727 shares of the company’s stock worth $2,780,000 after buying an additional 9,500 shares in the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Robinhood Markets

Here are the key news stories impacting Robinhood Markets this week:

• Positive Sentiment: Robinhood reported record second-quarter revenue of $1.31 billion, up 32% year over year, while diluted EPS rose 48% to $0.62, exceeding the $0.44 analyst consensus. Strong market volatility and increased trading activity helped lift profitability. Robinhood quarterly profit rises on strong trading activity
• Positive Sentiment: Operating momentum extended beyond trading: net deposits reached a record $22 billion, Robinhood Gold subscribers climbed to 4.8 million, and 13 business lines now generate at least $100 million in annualized revenue. These metrics support greater diversification and operating leverage. Robinhood Reports Second Quarter 2026 Results
• Positive Sentiment: The company’s prediction-market business is reportedly surging, providing a potential new source of transaction revenue as Robinhood expands beyond its traditional brokerage model. Robinhood CFO details surging prediction market business
• Neutral Sentiment: CEO Vlad Tenev called the Trump administration crypto-friendly but said durable regulatory clarity is needed. The proposed Clarity Act could support long-term crypto expansion, but legislation and implementation remain uncertain. Robinhood CEO discusses crypto regulation
• Negative Sentiment: Despite the earnings beat, one analysis argued that slowing revenue growth and a projected 2028 P/E of roughly 31 leave HOOD too expensive. With a beta of 2.33, the stock remains particularly sensitive to changing growth expectations. Robinhood Still Not a Buy
• Negative Sentiment: Director Baiju Bhatt sold about $4.7 million of HOOD shares under a pre-arranged Rule 10b5-1 plan. The planned nature limits the signal, but the transaction may still weigh on investor sentiment.

Robinhood Markets Company Profile

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.