Robinhood Markets (NASDAQ:HOOD) Stock Price Target Raised at Truist Financial

Robinhood Markets (NASDAQ:HOOD) had its price target hoisted by investment analysts at Truist Financial from $130.00 to $134.00 in a report released on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price objective indicates a potential upside of 22.69% from the company’s current price.

A number of other brokerages have also recently commented on HOOD. Needham & Company LLC lifted their target price on shares of Robinhood Markets from $120.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, September 16th. KeyCorp raised their price objective on Robinhood Markets from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, September 30th. Jefferies Financial Group lifted their price objective on Robinhood Markets from $127.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, September 8th. Cantor Fitzgerald reissued an “overweight” rating on shares of Robinhood Markets in a research note on Tuesday, September 15th. Finally, JPMorgan Chase & Co. boosted their target price on Robinhood Markets from $99.00 to $103.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Robinhood Markets currently has a consensus rating of “Moderate Buy” and an average price target of $129.82.

Robinhood Markets Stock Up 0.2%

HOOD opened at $109.22 on Tuesday. The business’s fifty day simple moving average is $108.32 and its 200 day simple moving average is $95.42. Robinhood Markets has a 52 week low of $63.51 and a 52 week high of $150.47. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.23. The stock has a market cap of $98.20 billion, a PE ratio of 48.11, a P/E/G ratio of 2.13 and a beta of 2.35.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.18. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business posted $0.42 EPS. The business’s quarterly revenue was up 32.5% on a year-over-year basis. As a group, research analysts expect that Robinhood Markets will post 2.14 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 business’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $113.71, for a total value of $1,137,100.00. Following the transaction, the insider owned 499,943 shares in the company, valued at approximately $56,848,518.53. The trade was a 1.96% decrease in their ownership of the stock. 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, CEO Vladimir Tenev sold 375,000 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $113.72, for a total value of $42,645,000.00. Following the transaction, the chief executive officer directly owned 375,000 shares of the company’s stock, valued at $42,645,000. The trade was a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 1,089,658 shares of company stock worth $127,966,018. 13.48% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Robinhood Markets

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its position in 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 acquiring an additional 116 shares during the period. RFG Advisory LLC grew its holdings in Robinhood Markets by 4.0% in the second quarter. RFG Advisory LLC now owns 3,505 shares of the company’s stock worth $351,000 after purchasing an additional 135 shares during the period. Evolve Private Wealth LLC grew its holdings in Robinhood Markets by 1.6% in the first quarter. Evolve Private Wealth LLC now owns 10,609 shares of the company’s stock worth $735,000 after purchasing an additional 163 shares during the period. Rathbones Group PLC increased its stake in shares of Robinhood Markets by 3.3% during the first quarter. Rathbones Group PLC now owns 5,129 shares of the company’s stock valued at $355,000 after purchasing an additional 165 shares in the last quarter. Finally, Earned Wealth Advisors LLC increased its stake in shares of Robinhood Markets by 5.2% during the first quarter. Earned Wealth Advisors LLC now owns 3,511 shares of the company’s stock valued at $243,000 after purchasing an additional 172 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: Evercore starts coverage with an Outperform rating: Evercore ISI initiated coverage with a $130 price target, implying roughly 19% upside from the referenced $109.22 price. The firm cited Robinhood’s “product flywheel,” including deposit monetization and expansion into additional financial products. Robinhood: Evercore ISI sees product flywheel driving upside
• Positive Sentiment: Earnings outlook remains a key catalyst: A Zacks commentary described Robinhood’s second-quarter results as a strong “beat-and-raise,” with improving earnings and revenue expectations contributing to a Zacks Rank #1, or Strong Buy, designation. Bull of the Day: Robinhood Markets, Inc.
• Positive Sentiment: Stock-token activity shows early traction: Robinhood reported approximately $15 billion in stock-token trading during the first 100 days of its blockchain. The volume supports the company’s strategy of broadening access to tokenized assets, although monetization and regulatory acceptance remain important questions. Robinhood puts stock token trading at $15 billion
• Positive Sentiment: Industry trends favor retail platforms: Record activity across investing apps, growing funded-account totals and increased demand for research, data and AI tools provide a supportive backdrop for Robinhood’s user-growth and monetization efforts. Retail Trading Platforms Post Record Quarters
• Neutral Sentiment: Additional crypto exposure: Robinhood executives are expected at Ripple’s October 27–29 Swell event, which could reinforce the company’s positioning in digital assets but offers no announced financial benefit. XRP call and Ripple Swell gathering
• Negative Sentiment: Insider and shareholder selling may weigh on sentiment: Robinhood’s CEO reportedly sold $42.6 million of shares, while Cathie Wood’s Ark-related sales totaled about $38 million. The transactions may reflect diversification or planned selling rather than weaker fundamentals, but they can nevertheless raise supply and confidence concerns. Robinhood CEO and Cathie Wood share sales

Robinhood Markets Company Profile

Robinhood Markets, Inc (NASDAQ: HOOD) operates a financial services platform designed to provide investing and trading products through mobile applications and a website. Its offerings include commission-free trading in stocks and exchange-traded funds, options trading, cryptocurrency services, margin investing, and retirement accounts. The company also provides cash management features and other tools intended to help customers manage and invest their money.

Founded in 2013 by Vlad Tenev and Baiju Bhatt, Robinhood gained prominence by expanding access to investing through a low-cost, easy-to-use digital platform.