Analysts Set Robinhood Markets, Inc. (NASDAQ:HOOD) Price Target at $120.52

Robinhood Markets, Inc. (NASDAQ:HOOD) has received an average recommendation of “Moderate Buy” from the twenty-six analysts that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and twenty-one have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $120.5217.

HOOD has been the subject of several research analyst reports. Mizuho lifted their price objective on shares of Robinhood Markets from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Robinhood Markets in a research note on Wednesday, June 24th. China Renaissance assumed coverage on shares of Robinhood Markets in a research note on Tuesday, July 7th. They issued a “buy” rating for the company. Cantor Fitzgerald dropped their price objective on shares of Robinhood Markets from $130.00 to $115.00 and set an “overweight” rating on the stock in a report on Monday, August 3rd. Finally, Wall Street Zen upgraded shares of Robinhood Markets from a “strong sell” rating to a “sell” rating in a report on Sunday, July 12th.

Key Headlines Impacting Robinhood Markets

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

• Positive Sentiment: Bitcoin’s move above $65,000 is supporting crypto-linked stocks, including Robinhood. Higher crypto prices and trading activity could increase transaction revenue and customer engagement. MSTR, CRCL, BMNR Stocks Rally After Bitcoin Reclaims $65K
• Positive Sentiment: Robinhood’s acquisition of Canadian crypto platform WonderFi highlights its international expansion strategy. WonderFi’s CEO said Canada’s regulatory and capital-markets environment made a sale to Robinhood preferable, potentially giving HOOD additional crypto customers and infrastructure. I Built Canada’s Largest Crypto Company
• Positive Sentiment: Jim Cramer made a bullish assessment of Robinhood following its latest quarterly report, reinforcing the view that the platform has a competitive advantage. Robinhood reported $0.62 in quarterly EPS versus the $0.44 consensus estimate, while revenue rose 32.5% year over year to $1.31 billion. Jim Cramer Makes Bold Call on Robinhood Stock
• Positive Sentiment: A meme coin surged after being listed on Robinhood, illustrating how new token listings can generate attention and trading activity on the platform. However, the event is speculative and may have limited direct financial impact. Meme Coin Surges 77% on Robinhood Listing
• Neutral Sentiment: Coverage comparing Robinhood with SoFi suggests investors may favor HOOD’s stronger trading momentum and earnings profile, but also underscores that high-growth fintech stocks can decline even after strong results when valuation expectations are elevated. Why Wall Street Keeps Ignoring SoFi’s Record Growth for Robinhood
• Negative Sentiment: Robinhood director Daniel Martin Gallagher, Jr. sold 10,000 shares for approximately $904,200 under a pre-arranged Rule 10b5-1 plan. The scheduled nature of the sale reduces its importance, although insider selling can still weigh modestly on sentiment. SEC Insider Transaction Filing

Insiders Place Their Bets

In related news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $90.42, for a total transaction of $904,200.00. Following the transaction, the insider directly owned 461,396 shares of the company’s stock, valued at approximately $41,719,426.32. This represents a 2.12% decrease in their position. The transaction was disclosed in a 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, Director Oluwadara Johnson Treseder sold 3,750 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $117.50, for a total value of $440,625.00. Following the completion of the sale, the director directly owned 72,442 shares of the company’s stock, valued at $8,511,935. This trade represents a 4.92% 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 three months, insiders purchased 680,000 shares of company stock worth $55,306,560 and sold 631,263 shares worth $66,929,157. 13.48% of the stock is currently owned by corporate insiders.

Institutional Trading of Robinhood Markets

Several hedge funds have recently bought and sold shares of the business. Commerzbank Aktiengesellschaft FI bought a new stake in Robinhood Markets during the 2nd quarter valued at $374,000. Bank of New York Mellon Corp bought a new position in shares of Robinhood Markets in the second quarter valued at $379,695,000. Whitener Capital Management Inc. bought a new position in shares of Robinhood Markets in the second quarter valued at $267,000. Tema ETFs LLC grew its holdings in shares of 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 buying an additional 1,305 shares during the last quarter. Finally, Canvas Wealth Advisors LLC grew its holdings in shares of 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 buying an additional 1,888 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Trading Up 2.8%

NASDAQ HOOD opened at $93.29 on Tuesday. The stock has a market capitalization of $84.01 billion, a P/E ratio of 41.10, a P/E/G ratio of 1.83 and a beta of 2.35. The business has a 50 day simple moving average of $99.17 and a 200 day simple moving average of $86.82. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.22. Robinhood Markets has a one year low of $63.51 and a one year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.18. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 earnings per share. Research analysts expect that Robinhood Markets will post 2.02 earnings per share for the current year.

About Robinhood Markets

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.