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Wall Street JournalThe Analyst Verdict: Robinhood Markets In The Eyes Of 20 Experts
Analysts' ratings for Robinhood Markets (NASDAQ:HOOD) over the last quarter vary from bullish to bearish, as provided by 20 analysts.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 4 | 10 | 3 | 0 |
| Last 30D | 0 | 0 | 1 | 1 | 0 |
| 1M Ago | 1 | 2 | 3 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 2 | 2 | 5 | 2 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $22.95, a high estimate of $32.00, and a low estimate of $17.00. Surpassing the previous average price target of $21.45, the current average has increased by 6.99%.
Exploring Analyst Ratings: An In-Depth Overview
In examining recent analyst actions, we gain insights into how financial experts perceive Robinhood Markets. The following summary 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 |
|---|---|---|---|---|---|
| Kenneth Worthington | JP Morgan | Raises | Underweight | $21.00 | $17.00 |
| Michael Cyprys | Morgan Stanley | Raises | Equal-Weight | $22.00 | $21.00 |
| Will Nance | Goldman Sachs | Raises | Neutral | $25.00 | $22.50 |
| Patrick Moley | Piper Sandler | Maintains | Overweight | $27.00 | $27.00 |
| Benjamin Budish | Barclays | Raises | Equal-Weight | $23.00 | $20.00 |
| Brian Bedell | Deutsche Bank | Raises | Buy | $27.00 | $24.00 |
| Christopher Allen | Citigroup | Raises | Neutral | $23.00 | $19.00 |
| Patrick Moley | Piper Sandler | Raises | Overweight | $27.00 | $23.00 |
| Benjamin Budish | Barclays | Raises | Equal-Weight | $20.00 | $18.00 |
| Brian Bedell | Deutsche Bank | Raises | Buy | $24.00 | $21.00 |
| Michael Cyprys | Morgan Stanley | Raises | Equal-Weight | $21.00 | $20.00 |
| Craig Siegenthaler | B of A Securities | Raises | Buy | $32.00 | $28.00 |
| Benjamin Budish | Barclays | Lowers | Underweight | $18.00 | $20.00 |
| Patrick Moley | Piper Sandler | Raises | Overweight | $23.00 | $20.00 |
| Devin Ryan | JMP Securities | Maintains | Market Outperform | $30.00 | $30.00 |
| Christopher Allen | Citigroup | Raises | Neutral | $19.00 | $18.00 |
| Patrick Moley | Piper Sandler | Maintains | Neutral | $20.00 | $20.00 |
| Kenneth Worthington | JP Morgan | Raises | Underweight | $17.00 | $16.00 |
| Kyle Voigt | Keefe, Bruyette & Woods | Lowers | Market Perform | $22.00 | $23.00 |
| Christopher Allen | Citigroup | Announces | Neutral | $18.00 | - |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Robinhood Markets. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Robinhood Markets compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Robinhood Markets's market position. Stay informed and make well-informed decisions with 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 Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, Robinhood Markets showcased positive performance, achieving a revenue growth rate of 40.33% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Financials sector.
Net Margin: Robinhood Markets's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 27.57% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Robinhood Markets's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.68%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Robinhood Markets's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.43%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.71, Robinhood Markets adopts a prudent financial strategy, indicating a balanced approach to debt management.
What Are Analyst Ratings?
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.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. Click here to stay ahead of the market.
This article was generated by Benzinga's automated content engine and reviewed by an editor.