Robinhood Markets (NASDAQ:HOOD) Given New $116.00 Price Target at Needham & Company LLC

Robinhood Markets (NASDAQ:HOOD) had its price objective reduced by equities researchers at Needham & Company LLC from $126.00 to $116.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC‘s target price points to a potential upside of 22.67% from the company’s current price.

A number of other equities research analysts have also recently issued reports on HOOD. Cantor Fitzgerald restated an “overweight” rating on shares of Robinhood Markets in a research note on Tuesday, September 15th. China Renaissance began coverage on shares of Robinhood Markets in a research report on Tuesday, July 7th. They set a “buy” rating and a $156.80 target price for the company. Keefe, Bruyette & Woods lifted their target price on shares of Robinhood Markets from $100.00 to $115.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 29th. Zacks Research upgraded shares of Robinhood Markets from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 3rd. Finally, Morgan Stanley boosted their price target on shares of Robinhood Markets from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, October 9th. Two equities 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $129.70.

Robinhood Markets Price Performance

Shares of HOOD opened at $94.56 on Wednesday. The firm has a market cap of $85.02 billion, a PE ratio of 41.66 and a beta of 2.35. The stock’s fifty day moving average price is $108.78 and its two-hundred day moving average price is $93.44. Robinhood Markets has a 1 year low of $63.51 and a 1 year high of $150.47.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.04. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.44 billion. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS. Sell-side analysts anticipate that Robinhood Markets will post 2.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Vladimir Tenev sold 375,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer directly owned 375,000 shares in the company, valued at approximately $42,645,000. The trade was a 50.00% decrease in their position. The transaction 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, Director Baiju Bhatt sold 50,912 shares of the stock in a transaction dated Wednesday, October 21st. The stock was sold at an average price of $101.40, for a total value of $5,162,476.80. 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 1,091,347 shares of company stock valued at $128,447,880 in the last 90 days. Corporate insiders own 13.48% of the company’s stock.

Institutional Investors Weigh In On Robinhood Markets

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp purchased a new stake in shares of Robinhood Markets in the second quarter worth about $379,695,000. Amundi grew its stake in Robinhood Markets by 89.0% during the first quarter. Amundi now owns 6,385,232 shares of the company’s stock valued at $442,497,000 after acquiring an additional 3,007,103 shares in the last quarter. Renaissance Technologies LLC grew its stake in Robinhood Markets by 48.6% during the first quarter. Renaissance Technologies LLC now owns 5,104,137 shares of the company’s stock valued at $353,717,000 after acquiring an additional 1,668,400 shares in the last quarter. Hound Partners LLC bought a new stake in Robinhood Markets during the 1st quarter worth approximately $73,150,000. Finally, Amova Asset Management Americas Inc. increased its holdings in Robinhood Markets by 15.0% during the 1st quarter. Amova Asset Management Americas Inc. now owns 5,240,796 shares of the company’s stock worth $362,925,000 after acquiring an additional 685,041 shares during the period. 93.27% of the stock is currently owned by institutional investors.

Robinhood Markets News Summary

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

• Positive Sentiment: Robinhood reported record third-quarter revenue of approximately $1.42 billion, up about 12% year over year. Net deposits reached $16 billion, platform assets rose 19% to $396 billion, and Robinhood Gold subscribers increased to a record 5.2 million. Robinhood Reports Third Quarter 2026 Results
• Positive Sentiment: Event contracts, options and other products helped offset the crypto slowdown. Event-contract activity reached a record 16.4 billion contracts, while the company said it now has 14 business lines generating at least $100 million in annualized revenue. Robinhood quarterly revenue rises 12%
• Positive Sentiment: The partnership with Ripple to expand RLUSD could support Robinhood’s stablecoin, institutional trading and treasury-management ambitions, adding potential growth beyond retail crypto trading. Ripple strikes deal with Robinhood
• Neutral Sentiment: Adjusted EPS of $0.60 exceeded the $0.56 consensus estimate, but reported diluted EPS fell 16% year over year to $0.51. The mixed earnings metrics have made investor sentiment dependent on the quality and durability of revenue growth. Robinhood Q3 Earnings Surpass Estimates
• Negative Sentiment: Crypto revenue dropped 55% from a year earlier to about $120 million as subdued crypto markets reduced trading activity. Rising costs and the slight revenue shortfall versus Wall Street expectations further pressured the earnings reaction. Robinhood shares fall as crypto markets chill drives profit miss
• Negative Sentiment: Reports of substantial insider selling added pressure, while the stock’s move below its 200-day moving average near $93.44 represents a potentially negative technical signal for momentum-focused investors. Robinhood Q3 2026 Earnings and Insider Trading Activity

Robinhood Markets Company Profile

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.