Robinhood Markets (NASDAQ:HOOD) Price Target Raised to $115.00

Robinhood Markets (NASDAQ:HOOD) had its price objective hoisted by JPMorgan Chase & Co. from $103.00 to $115.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other analysts also recently commented on HOOD. Rothschild & Co Redburn upped their target price on Robinhood Markets from $78.00 to $80.00 and gave the stock a “sell” rating in a research note on Friday, August 14th. Morgan Stanley raised their target price on Robinhood Markets from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, October 9th. Deutsche Bank Aktiengesellschaft reduced their price target on Robinhood Markets from $138.00 to $134.00 and set a “buy” rating for the company in a research report on Tuesday, September 29th. Piper Sandler reissued an “overweight” rating and issued a $145.00 price target (up from $135.00) on shares of Robinhood Markets in a report on Wednesday, September 2nd. Finally, Benchmark upgraded Robinhood Markets to a “strong-buy” rating in a research report on Wednesday, September 9th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $130.29.

Robinhood Markets Trading Down 5.2%

NASDAQ HOOD opened at $96.58 on Tuesday. Robinhood Markets has a 1 year low of $63.51 and a 1 year high of $150.47. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market capitalization of $86.83 billion, a PE ratio of 42.55, a P/E/G ratio of 2.03 and a beta of 2.35. The company has a fifty day moving average of $109.41 and a 200 day moving average of $97.22.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.18. The company had revenue of $1.31 billion for 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 firm’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same period last year, the firm earned $0.42 EPS. Research analysts forecast that Robinhood Markets will post 2.19 earnings per share for the current year.

Insider Buying and Selling

In other Robinhood Markets 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 transaction, the chief executive officer owned 375,000 shares in the company, valued at approximately $42,645,000. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $110.42, for a total value of $1,266,738.24. Following the transaction, the chief financial officer owned 56,858 shares in the company, 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 have sold a total of 1,040,435 shares of company stock worth $123,285,403 in the last ninety days. 13.48% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. WASHINGTON TRUST Co purchased a new stake in Robinhood Markets in the 3rd quarter worth $203,000. XXI Wealth LLC raised its position in Robinhood Markets by 80.9% during the third quarter. XXI Wealth LLC now owns 5,640 shares of the company’s stock worth $634,000 after acquiring an additional 2,523 shares during the period. BIP Wealth LLC purchased a new position in Robinhood Markets during the third quarter valued at $202,000. Lake Street Private Wealth LLC lifted its holdings in Robinhood Markets by 0.3% during the third quarter. Lake Street Private Wealth LLC now owns 43,899 shares of the company’s stock valued at $4,939,000 after purchasing an additional 114 shares in the last quarter. Finally, Brookstone Capital Management lifted its holdings in Robinhood Markets by 2.5% during the third quarter. Brookstone Capital Management now owns 5,230 shares of the company’s stock valued at $588,000 after purchasing an additional 129 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Robinhood received authorization from Dubai’s regulator to offer brokerage and cryptocurrency trading services, with a Middle East launch planned for 2027. The expansion could provide a new source of international users, trading activity and fee revenue. Robinhood Gets Dubai License, Plans 2027 Middle East Launch
• Positive Sentiment: Analyst sentiment remains supportive. Rosenblatt initiated coverage with a Buy rating and a $135 price target, while Needham raised its target to $126 and maintained a Buy rating. Analysts cited Robinhood’s expansion beyond traditional brokerage into crypto, prediction markets, subscriptions and other financial products. Robinhood Markets Price Target Increase
• Positive Sentiment: TradePMR’s integration of ICE Connect Wealth into Robinhood’s Fusion platform strengthens its offering to registered investment advisers and may improve the platform’s appeal in the wealth-management market. ICE Connect Wealth Integrated into TradePMR
• Neutral Sentiment: Investors are looking ahead to the October 27 earnings report. Analysts are focused on whether late-quarter increases in trading activity can offset recent pressure in crypto revenue and support forecasts for continued growth. Robinhood Q3 Earnings Metrics
• Negative Sentiment: Crypto revenue fell 38% year over year to $100 million in the second quarter, marking a third consecutive quarterly decline. Although activity reportedly improved late in the third quarter, investors may remain concerned that crypto weakness will limit near-term growth. Robinhood Crypto Revenue Outlook
• Negative Sentiment: Competition in tokenized stocks is increasing, with Solana reportedly surpassing Robinhood Chain in tokenized-stock holders, adding pressure to an important emerging-growth initiative. Solana Overtakes Robinhood Chain

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.