Robinhood Markets (NASDAQ:HOOD) Given New $120.00 Price Target at Truist Financial

Robinhood Markets (NASDAQ:HOOD) had its target price cut by Truist Financial from $130.00 to $120.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also issued reports on HOOD. Argus assumed coverage on shares of Robinhood Markets in a report on Friday, January 9th. They issued a “buy” rating and a $145.00 price objective for the company. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Robinhood Markets in a research note on Wednesday. Mizuho lifted their price target on shares of Robinhood Markets from $145.00 to $172.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Keefe, Bruyette & Woods increased their price objective on Robinhood Markets from $121.00 to $135.00 and gave the company a “market perform” rating in a report on Thursday, November 6th. Finally, Dbs Bank raised Robinhood Markets to a “moderate buy” rating in a research report on Wednesday, November 12th. Eighteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $126.95.

Robinhood Markets Stock Performance

Shares of HOOD opened at $71.12 on Thursday. Robinhood Markets has a 52 week low of $29.66 and a 52 week high of $153.86. The stock has a market capitalization of $63.95 billion, a price-to-earnings ratio of 34.52, a PEG ratio of 1.21 and a beta of 2.43. The stock has a fifty day moving average of $110.01 and a 200-day moving average of $118.35.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.32 billion. Robinhood Markets had a return on equity of 22.32% and a net margin of 42.10%.Robinhood Markets’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 EPS. As a group, equities analysts forecast that Robinhood Markets will post 1.35 EPS for the current year.

Insiders Place Their Bets

In other news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $87.07, for a total transaction of $870,700.00. Following the completion of the sale, the insider owned 393,612 shares of the company’s stock, valued at $34,271,796.84. This trade represents a 2.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock in a transaction on Monday, January 26th. The shares were sold at an average price of $107.48, for a total transaction of $630,262.72. Following the completion of the sale, the chief technology officer owned 9,133 shares of the company’s stock, valued at $981,614.84. This represents a 39.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,537,615 shares of company stock worth $182,272,702. Company insiders own 14.47% of the company’s stock.

Institutional Investors Weigh In On Robinhood Markets

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Robinhood Markets by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 95,771,497 shares of the company’s stock valued at $10,831,756,000 after buying an additional 1,334,443 shares in the last quarter. State Street Corp increased its holdings in shares of Robinhood Markets by 103.2% during the third quarter. State Street Corp now owns 32,246,155 shares of the company’s stock valued at $4,617,004,000 after acquiring an additional 16,375,734 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Robinhood Markets by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 21,171,925 shares of the company’s stock worth $2,386,944,000 after purchasing an additional 356,902 shares during the period. WCM Investment Management LLC lifted its holdings in shares of Robinhood Markets by 3,615.7% in the 2nd quarter. WCM Investment Management LLC now owns 11,555,160 shares of the company’s stock worth $1,081,910,000 after purchasing an additional 11,244,182 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Robinhood Markets in the 4th quarter worth $1,202,160,000. 93.27% of the stock is owned by institutional investors.

Key Robinhood Markets News

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

• Positive Sentiment: Q4 EPS beat and improving profitability — HOOD reported $0.66 EPS (above estimates) and showed stronger full‑year margins and deposit growth, supporting a longer‑term earnings thesis. Earnings Call Transcript
• Positive Sentiment: Institutional buying from ARK/ Cathie Wood signals conviction — Ark Invest added a multi‑million dollar stake during recent weakness, providing a potential buyer-of-the-dip catalyst. Cathie Wood Sees Opportunity
• Neutral Sentiment: Management pushing prediction markets as the next growth engine — CEO commentary frames prediction markets and product velocity as strategic priorities; this is longer‑term and may take quarters to monetize. CEO Prediction Markets Comments
• Neutral Sentiment: Company outlines a path to large platform assets and international expansion — product launches and asset growth targets (e.g., $1T ambition) are positive but execution‑dependent. Path to $1T in Platform Assets
• Negative Sentiment: Revenue missed estimates as crypto revenue collapsed ~38% YoY — the revenue shortfall was the main immediate catalyst for the selloff, underscoring HOOD’s sensitivity to crypto volumes. Crypto Revenue Collapse
• Negative Sentiment: Stock trading closely with bitcoin amplifies volatility — pieces note HOOD is moving almost in lockstep with crypto selloffs despite crypto being a minority of revenue. That correlation increases downside when crypto falls. HOOD vs Bitcoin Correlation
• Negative Sentiment: Analysts trimmed price targets after the print (multiple firms lowered PTs though many kept buy/overweight ratings), adding near‑term selling pressure despite longer‑term bullish cases. Analyst Price‑Target Moves (Benzinga roundup)

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.