Where Robinhood Markets Stands With Analysts

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Throughout the last three months, 21 analysts have evaluated Robinhood Markets HOOD, offering a diverse set of opinions from bullish to bearish.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 3 8 7 2 1
Last 30D 0 1 0 0 0
1M Ago 1 2 2 1 0
2M Ago 1 2 3 1 1
3M Ago 1 3 2 0 0

Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $21.95, a high estimate of $30.00, and a low estimate of $16.00. Observing a 19.88% increase, the current average has risen from the previous average price target of $18.31.

Analyzing Analyst Ratings: A Detailed Breakdown

The standing of Robinhood Markets among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Devin Ryan JMP Securities Maintains Market Outperform $30.00 $30.00
Craig Siegenthaler B of A Securities Raises Buy $24.00 $14.00
Devin Ryan JMP Securities Maintains Market Outperform $30.00 $30.00
Michael Cyprys Morgan Stanley Raises Equal-Weight $19.00 $18.00
Devin Ryan JMP Securities Raises Market Outperform $30.00 $28.00
Benjamin Budish Barclays Raises Underweight $18.00 $16.00
Patrick Moley Piper Sandler Raises Neutral $18.00 $17.00
Dan Dolev Mizuho Raises Buy $21.00 $20.00
Alex Markgraff Keybanc Raises Overweight $23.00 $22.00
Will Nance Goldman Sachs Raises Neutral $20.00 $18.00
Patrick Moley Piper Sandler Raises Neutral $17.00 $12.50
Christopher Allen Citigroup Raises Sell $16.00 $13.00
Michael Cyprys Morgan Stanley Raises Equal-Weight $18.00 $11.00
Devin Ryan JMP Securities Raises Market Outperform $28.00 $25.00
Benjamin Budish Barclays Raises Underweight $16.00 $11.00
Kyle Voigt Keefe, Bruyette & Woods Announces Market Perform $20.00 -
Devin Ryan JMP Securities Maintains Market Outperform $25.00 -
Josh Beck Keybanc Raises Overweight $22.00 $15.00
Dan Dolev Mizuho Raises Buy $20.00 $17.00
Brian Bedell Deutsche Bank Raises Hold $16.00 $12.00
Mahika Sapra Bernstein Announces Outperform $30.00 -

Key Insights:

  • Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Robinhood Markets. This offers insight into analysts' perspectives on the current state of the company.
  • Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Robinhood Markets compared to the broader market.
  • Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Robinhood Markets's stock. This examination reveals shifts in analysts' expectations over time.

For valuable insights into Robinhood Markets's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.

Stay up to date on Robinhood Markets analyst ratings.

Delving into Robinhood Markets's Background

Robinhood Markets Inc is creating a modern financial services platform. It designs its own products and services and delivers them through a single, app-based cloud platform supported by proprietary technology. Its vertically integrated platform has enabled the introduction of new products and services such as cryptocurrency trading, dividend reinvestment, fractional shares, recurring investments, and IPO Access. It earns transaction-based revenues from routing user orders for options, equities, and cryptocurrencies to market makers when a routed order is executed.

Robinhood Markets's Financial Performance

Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.

Revenue Growth: Over the 3 months period, Robinhood Markets showcased positive performance, achieving a revenue growth rate of 40.14% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Financials sector, the company excelled with a growth rate higher than the average among peers.

Net Margin: Robinhood Markets's net margin excels beyond industry benchmarks, reaching 25.4%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): Robinhood Markets's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.31%, the company may face hurdles in generating optimal returns for shareholders.

Return on Assets (ROA): Robinhood Markets's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.4%, the company may face hurdles in achieving optimal financial performance.

Debt Management: With a below-average debt-to-equity ratio of 0.61, Robinhood Markets adopts a prudent financial strategy, indicating a balanced approach to debt management.

Analyst Ratings: Simplified

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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