Robinhood Markets (NASDAQ:HOOD) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Robinhood Markets (NASDAQ:HOOD) had its target price raised by research analysts at Needham & Company LLC from $123.00 to $126.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s target price would indicate a potential upside of 28.30% from the stock’s previous close.

Several other analysts also recently commented on the stock. Scotiabank initiated coverage on shares of Robinhood Markets in a research report on Wednesday, September 2nd. They set a “sector outperform” rating and a $136.00 price objective on the stock. Morgan Stanley raised their price objective on shares of Robinhood Markets from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, October 9th. Jefferies Financial Group lifted their target price on shares of Robinhood Markets from $127.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, September 8th. Citizens Jmp upped their target price on shares of Robinhood Markets from $155.00 to $165.00 and gave the stock a “market outperform” rating in a research note on Friday, September 11th. Finally, Compass Point increased their price target on shares of Robinhood Markets from $126.00 to $145.00 and gave the company a “buy” rating in a report on Friday, October 2nd. Two equities research 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $130.29.

Robinhood Markets Trading Up 1.8%

Robinhood Markets stock opened at $98.21 on Wednesday. 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 $88.30 billion, a price-to-earnings ratio of 43.26, a price-to-earnings-growth ratio of 1.88 and a beta of 2.35. The business’s fifty day simple moving average is $109.32 and its two-hundred day simple moving average is $96.79. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.23.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.18. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%. The company’s revenue was up 32.5% on a year-over-year basis. During the same period last year, the company earned $0.42 earnings per share. As a group, equities analysts predict that Robinhood Markets will post 2.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Robinhood Markets news, insider Daniel Gallagher, Jr. sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $122.43, for a total transaction of $1,224,300.00. Following the transaction, the insider owned 509,943 shares in the company, valued at approximately $62,432,321.49. This represents a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 firm’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 sale, the chief financial officer directly owned 56,858 shares in the company, valued at approximately $6,278,260.36. The trade was a 16.79% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,089,658 shares of company stock worth $127,966,018 in the last quarter. Insiders own 13.48% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HOOD. Sumitomo Mitsui Trust Group Inc. raised its stake in Robinhood Markets by 10.2% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,812,999 shares of the company’s stock valued at $472,141,000 after buying an additional 632,403 shares during the last quarter. Amundi lifted its holdings in shares of Robinhood Markets by 89.0% during the 1st quarter. Amundi now owns 6,385,232 shares of the company’s stock valued at $442,497,000 after buying an additional 3,007,103 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Robinhood Markets during the 2nd quarter valued at $379,695,000. Amova Asset Management Americas Inc. boosted its stake in shares of Robinhood Markets by 15.0% in the 1st quarter. Amova Asset Management Americas Inc. now owns 5,240,796 shares of the company’s stock worth $362,925,000 after buying an additional 685,041 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Robinhood Markets by 48.6% in the 1st quarter. Renaissance Technologies LLC now owns 5,104,137 shares of the company’s stock worth $353,717,000 after buying an additional 1,668,400 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

More Robinhood Markets News

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

• Positive Sentiment: New Buy rating and higher price target: Rosenblatt Securities initiated coverage with a Buy rating and a $135 price target, implying substantial upside from current levels. The analyst reportedly believes the market is underappreciating Robinhood’s growth story. HOOD Stock Rises Overnight: Market Underappreciates the Robinhood Story, Says Analyst
• Positive Sentiment: JPMorgan also raised its target: JPMorgan increased its price target from $103 to $115 while maintaining a Neutral rating, suggesting analysts see improved value even without adopting a bullish stance.
• Positive Sentiment: Growth and earnings expectations remain strong: Recent coverage argues Robinhood has favorable ingredients for an earnings beat. The company’s latest quarter produced $1.31 billion in revenue, up roughly 32% year over year, and management has reported strong net deposit momentum. Robinhood Markets Expected to Beat Earnings Estimates
• Positive Sentiment: Broader product platform: Robinhood is adding products such as AI trading tools, weekend stock trading and prediction-market contracts. Supporters view its multi-asset platform and premium subscription services as potential growth drivers beyond crypto and equities. Crypto and Beyond: Why Robinhood May Be a Better Buy Than Coinbase
• Neutral Sentiment: Technical support is being watched: HOOD recently closed at $96.52 after a significant decline from its September level. Analysts are monitoring whether the area near $96 represents support and could attract buyers. Is the Current Price of Robinhood Stock a Strong Support?
• Negative Sentiment: Valuation and execution risks remain: Robinhood trades at a premium earnings multiple, making the stock dependent on continued rapid growth. Its aggressive product rollout must generate durable revenue, while a slowdown in trading activity or net deposits could pressure results.

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.