Robinhood Markets Stock: Is Wall Street Bullish or Bearish?

With a market capitalization of $75.4 billion, Menlo Park, California-based Robinhood Markets, Inc. (HOOD) is a leading financial services company. It provides retail brokerage, cryptocurrency trading, investment advisory, digital banking, and private markets access to a new generation of investors worldwide.

Shares of the leading financial services company have substantially underperformed the broader market over the past year. HOOD has plunged 42.9% during this period, compared with a 10.3% advance for the S&P 500 Index ($SPX). The stock has continued to trail in 2026, declining 25.9% year-to-date, while the S&P 500 has advanced 10.2% over the same period.

HOOD has also underperformed the State Street Financial Select Sector SPDR ETF (XLF), which has climbed 9.9% over the past year and gained 5.1% year-to-date.

On Oct. 27, 2026, Robinhood Markets reported its third-quarter 2026 results. Shares fell approximately 7% in after-hours trading as investors reacted to a slight revenue miss, despite an adjusted EPS beat. Total net revenues increased 11.8% year over year to a record $1.42 billion. However, cryptocurrency transaction revenue declined 55% to $120 million, while net interest revenue fell 9% to $415 million. Adjusted EPS decreased 3.2% year over year to $0.60, while adjusted net income declined 2.7% to $550 million.

Despite the decline in crypto-related revenue, Robinhood reported $15.7 billion in quarterly net deposits, while Robinhood Gold subscribers increased 34% year over year to a record 5.2 million. The company also lowered the upper end of its full-year 2026 adjusted operating expenses and share-based compensation (SBC) guidance by $25 million, narrowing the range to $2.675 billion to $2.75 billion from $2.675 billion to $2.775 billion, reflecting ongoing efficiency gains.

Looking ahead, analysts expect HOOD’s diluted EPS to increase 2.9% year over year to $2.11 for the fiscal year ending in December 2026. Meanwhile, the company has exceeded consensus EPS estimates in three of the past four quarters while missing expectations in the remaining quarter.

Of the 30 analysts covering HOOD, the consensus rating is “Strong Buy.” This assessment comprises 22 “Strong Buy” ratings, three “Moderate Buy” ratings, four “Hold” ratings, and one “Strong Sell” rating.

The consensus is more bullish than it was three months ago, when the stock carried a “Moderate Buy” rating.

On Nov. 2, 2026, Cantor Fitzgerald analyst Ramsey El Assal maintained a “Buy” rating on Robinhood Markets and lowered his price target to $120 from $150.

Based on analysts’ estimates, the mean price target of $129.59 implies a 54.6% premium to HOOD’s current share price, while the Street-high price target of $170 suggests a 102.8% premium.

On the date of publication, Abhishek Bhuyan did not directly have a position in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.