Robinhood Markets (NASDAQ:HOOD) Price Target Raised to $105.00 at The Goldman Sachs Group

Robinhood Markets (NASDAQ:HOOD) had its price objective increased by equities researchers at The Goldman Sachs Group from $95.00 to $105.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price would indicate a potential upside of 20.74% from the stock’s previous close.

Several other equities analysts have also recently commented on HOOD. Cantor Fitzgerald reiterated an “overweight” rating and set a $110.00 target price on shares of Robinhood Markets in a research note on Wednesday, April 29th. Mizuho increased their target price on Robinhood Markets from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Zacks Research cut Robinhood Markets from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 8th. Needham & Company LLC reduced their price objective on Robinhood Markets from $95.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Robinhood Markets in a research note on Friday, March 27th. Nineteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Robinhood Markets currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.54.

Robinhood Markets Stock Up 5.0%

Shares of Robinhood Markets stock traded up $4.11 on Thursday, hitting $86.96. 17,801,777 shares of the company’s stock traded hands, compared to its average volume of 29,653,604. The stock has a market cap of $78.31 billion, a P/E ratio of 42.10, a PEG ratio of 2.64 and a beta of 2.35. The firm’s 50-day moving average is $77.51 and its 200 day moving average is $93.34. Robinhood Markets has a 52-week low of $63.51 and a 52-week high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 earnings per share. Equities research analysts forecast that Robinhood Markets will post 1.85 EPS for the current year.

Insider Transactions at Robinhood Markets

In related news, Director Meyer Malka bought 181,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were purchased at an average cost of $83.45 per share, with a total value of $15,104,450.00. Following the completion of the transaction, the director directly owned 3,674,427 shares of the company’s stock, valued at approximately $306,630,933.15. This represents a 5.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,835 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $83.92, for a total value of $489,673.20. Following the completion of the sale, the chief technology officer directly owned 12,171 shares in the company, valued at $1,021,390.32. This represents a 32.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 550,765 shares of company stock valued at $40,191,940 over the last three months. 14.47% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Robinhood Markets

Large investors have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC increased its holdings in shares of Robinhood Markets by 152.6% during the fourth quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock valued at $26,000 after purchasing an additional 145 shares during the period. CYBER HORNET ETFs LLC increased its holdings in shares of Robinhood Markets by 527.8% during the fourth quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock valued at $26,000 after purchasing an additional 190 shares during the period. Elyxium Wealth LLC acquired a new position in shares of Robinhood Markets during the fourth quarter valued at $27,000. MV Capital Management Inc. acquired a new position in shares of Robinhood Markets during the fourth quarter valued at $27,000. Finally, Swiss RE Ltd. acquired a new position in shares of Robinhood Markets during the fourth quarter valued at $27,000. 93.27% of the stock is owned by institutional investors and hedge funds.

More Robinhood Markets News

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

• Positive Sentiment: Director Meyer Malka bought 181,000 shares for about $15.1 million, adding to a prior large purchase last week. Insider buying at this size is a strong confidence signal for investors. Article Title
• Positive Sentiment: Robinhood expanded its wealth-management push with an advisor marketplace, AI tools, lending perks, and broader access for RIAs via TradePMR, which could help increase higher-value recurring business. Article Title
• Positive Sentiment: The company launched new AI trading features, reinforcing the idea that Robinhood is becoming a broader financial “super app” rather than just a retail brokerage. Article Title
• Positive Sentiment: Robinhood completed its WonderFi acquisition, giving it entry into the Canadian crypto market and expanding its international footprint. Article Title
• Positive Sentiment: Robinhood also rolled out prediction-market style World Cup trading, showing continued product innovation and new ways to monetize user engagement. Article Title
• Neutral Sentiment: Several articles focused on Robinhood’s advisor conference and TradePMR rollout, but these appear to be execution updates rather than immediate stock-moving catalysts. Article Title
• Neutral Sentiment: Bitcoin weakness remains a mixed backdrop for HOOD because crypto activity is an important part of the platform, but the direct impact on Robinhood’s shares is less certain. Article Title
• Negative Sentiment: Analysts and some commentators are warning that Robinhood must prove its new AI and product launches can translate into durable earnings growth, especially after the stock’s strong run and still-elevated valuation. Article Title

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.