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Robinhood Markets Inc has a consensus price target of $21.33 based on the ratings of 20 analysts. The high is $32 issued by B of A Securities on August 12, 2024. The low is $7 issued by Atlantic Equities on August 31, 2022. The 3 most-recent analyst ratings were released by Barclays, Deutsche Bank, and Morgan Stanley on September 6, 2024, August 15, 2024, and August 14, 2024, respectively. With an average price target of $21.67 between Barclays, Deutsche Bank, and Morgan Stanley, there's an implied 9.79% upside for Robinhood Markets Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Robinhood Markets (NASDAQ:HOOD) was reported by Barclays on September 6, 2024. The analyst firm set a price target for $20.00 expecting HOOD to rise to within 12 months (a possible 1.34% upside). 61 analyst firms have reported ratings in the last year.
The latest analyst rating for Robinhood Markets (NASDAQ:HOOD) was provided by Barclays, and Robinhood Markets upgraded their equal-weight rating.
The last upgrade for Robinhood Markets Inc happened on September 6, 2024 when Barclays raised their price target to $20. Barclays previously had an underweight for Robinhood Markets Inc.
The last downgrade for Robinhood Markets Inc happened on April 11, 2024 when Citigroup changed their price target from $13 to $16 for Robinhood Markets Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Robinhood Markets, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Robinhood Markets was filed on September 6, 2024 so you should expect the next rating to be made available sometime around September 6, 2025.
While ratings are subjective and will change, the latest Robinhood Markets (HOOD) rating was a upgraded with a price target of $18.00 to $20.00. The current price Robinhood Markets (HOOD) is trading at is $19.74, which is within the analyst’s predicted range.
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