Robinhood Markets (NASDAQ:HOOD) Given New $115.00 Price Target at JPMorgan Chase & Co.

Robinhood Markets (NASDAQ:HOOD) had its target price upped by investment analysts at JPMorgan Chase & Co. from $103.00 to $115.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 15.98% from the stock’s current price.

A number of other equities research analysts also recently commented on the company. Compass Point lifted their target price on Robinhood Markets from $126.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, October 2nd. Bank of America increased their price target on Robinhood Markets from $140.00 to $156.00 and gave the stock a “buy” rating in a report on Monday, October 5th. Needham & Company LLC raised their price objective on Robinhood Markets from $120.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, September 16th. Citizens Jmp boosted their price objective on shares of Robinhood Markets from $155.00 to $165.00 and gave the company a “market outperform” rating in a report on Friday, September 11th. Finally, China Renaissance assumed coverage on shares of Robinhood Markets in a research report on Tuesday, July 7th. They issued a “buy” rating and a $156.80 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $130.05.

Robinhood Markets Trading Up 2.7%

Shares of HOOD stock traded up $2.63 during trading on Tuesday, hitting $99.15. 6,541,146 shares of the stock traded hands, compared to its average volume of 26,727,936. The firm has a market capitalization of $89.14 billion, a P/E ratio of 43.58, a price-to-earnings-growth ratio of 1.93 and a beta of 2.35. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.22. The firm’s fifty day moving average price is $109.25 and its 200-day moving average price is $96.60. Robinhood Markets has a 52-week low of $63.51 and a 52-week high of $150.47.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.18. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%. The firm’s quarterly revenue was up 32.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 earnings per share. As a group, research analysts forecast that Robinhood Markets will post 2.15 earnings per share for the current fiscal year.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the company’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $113.71, for a total transaction of $1,137,100.00. Following the transaction, the insider directly owned 499,943 shares in the company, valued at $56,848,518.53. This represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Oluwadara Treseder sold 1,875 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total value of $234,375.00. Following the transaction, the director owned 70,567 shares of the company’s stock, valued at approximately $8,820,875. This represents a 2.59% 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 have sold 1,089,658 shares of company stock worth $127,966,018 in the last three months. Company insiders own 13.48% of the company’s stock.

Institutional Investors Weigh In On Robinhood Markets

A number of institutional investors have recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Robinhood Markets by 1.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 113,364 shares of the company’s stock valued at $12,753,000 after acquiring an additional 1,381 shares during the period. Richards Merrill & Peterson Inc. acquired a new stake in shares of Robinhood Markets during the third quarter worth about $213,000. James T. Borello RIA acquired a new stake in shares of Robinhood Markets during the third quarter worth about $29,000. V Square Quantitative Management LLC lifted its position in shares of Robinhood Markets by 6.1% during the third quarter. V Square Quantitative Management LLC now owns 4,694 shares of the company’s stock worth $528,000 after purchasing an additional 271 shares in the last quarter. Finally, Central Pacific Bank Trust Division purchased a new position in shares of Robinhood Markets in the third quarter valued at approximately $678,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Key Robinhood Markets News

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

• Positive Sentiment: Earnings beat expectations: Zacks reports that Robinhood has the favorable combination of earnings-estimate revisions and historical surprise trends that could support a beat in its upcoming results. That builds on the company’s latest quarter, when revenue rose 32.5% year over year to $1.31 billion and adjusted earnings exceeded consensus estimates. Robinhood Expected to Beat Earnings Estimates
• Positive Sentiment: Growth beyond the core trading app: Robinhood has announced more than 15 products, including AI trading agents, weekend stock trading and contracts linked to company metrics. The initiatives support management’s strategy to develop multiple sizable revenue streams rather than rely solely on traditional trading activity. Robinhood Has 13 $100M Businesses
• Neutral Sentiment: Strong operating momentum, but demanding valuation: Recent results included record revenue, while net deposits reached $5.6 billion in July and $4.0 billion in August. However, the stock trades at a premium earnings multiple, leaving investors highly dependent on continued rapid growth. What Happens to Robinhood Stock if Growth Stalls?
• Negative Sentiment: Recent underperformance highlights volatility: HOOD had declined during the prior session even as the broader market advanced, suggesting profit-taking or company-specific caution ahead of earnings. Its elevated beta also makes the shares especially sensitive to changes in market activity and investor sentiment. Robinhood Stock Falls Amid Market Uptick

About Robinhood Markets

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.