Robinhood Stock Soars 199% In A Year - Can Q1 Earnings Keep The Rally Alive?

Zinger Key Points

Robinhood Markets Inc HOOD will be reporting its first-quarter earnings on Wednesday. Wall Street expects 33 cents in EPS and $922.53 million in revenues as the company reports after market hours.

The stock is up 199.39% over the past year, 25.18% YTD.

Let’s look at what the charts indicate for HOOD stock and how it maps against Wall Street estimates.

Read Also: Cathie Wood Chops Palantir: Ark Invest Dumps $9.1 Million Worth Of Stock, Also Sells Meta And Robinhood Shares

HOOD Stock Strongly Bullish Ahead Of Q1 Earnings 

HOOD stock is displaying a technically strong bullish setup, with short- and long-term indicators aligning in the stock's favor.

Chart created using Benzinga Pro

HOOD stock, at $49.37 – trades comfortably above its five, 20 and 50-day exponential moving averages, signaling solid upward momentum and continued buying pressure. The stock’s position above its eight-day simple moving average (SMA) of $45.46, 20-day SMA of $42.31 and 50-day SMA of $44.31 confirms the bullish trend.

From a longer-term perspective, HOOD remains firmly above its 200-day simple moving average of $34.67, reinforcing the strength of the rally. The Moving Average Convergence Divergence (MACD) reading of 1.34 suggests positive price momentum is still building. At the same time, the Relative Strength Index (RSI) at 60.85 indicates the stock is approaching – but hasn't yet entered – overbought territory.

For investors, this technical setup supports a bullish outlook, though some caution may be warranted if RSI creeps higher.

Robinhood Analysts See Over 15% Upside

Ratings & Consensus Estimates: The consensus analyst rating for Robinhood stock is currently Overweight, with a price target of $62 per share. The latest analyst calls from Keybanc, JMP and Barclays imply a 15.43% upside for Robinhood stock. Their average price target of $56.67 suggests confidence in HOOD's continued rally.

HOOD Price Action: Robinhood stock closed the trading day Tuesday at $49.37, up 0.90%.

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HOODRobinhood Markets Inc
$47.31-3.67%

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