On Dec 06, major Wall Street analysts update their ratings for $Robinhood (HOOD.US)$, with price targets ranging from $42 to $60.
Morgan Stanley analyst Michael Cyprys maintains with a buy rating, and maintains the target price at $55.
Goldman Sachs analyst James Yaro initiates coverage with a buy rating, and sets the target price at $46.
Deutsche Bank analyst Brian Bedell maintains with a buy rating, and adjusts the target price from $36 to $42.
Mizuho Securities analyst Dan Dolev maintains with a buy rating, and adjusts the target price from $35 to $60.
KeyBanc analyst Alex Markgraff maintains with a buy rating, and sets the target price at $47.
Furthermore, according to the comprehensive report, the opinions of $Robinhood (HOOD.US)$'s main analysts recently are as follows:
Following an investor day, it's reported that Robinhood shared an ambitious 10-year business outlook. The company aims to be a leader in active trading, increase its wallet share penetration among the next generation, and secure a significant role within the global financial ecosystem. Analysts noted that management provided greater clarity on the acceleration of its product roadmap, including a robust launch of event contracts next year and enhancements in futures, index options, an advanced desktop trading platform, expanded crypto offerings, wealth advisory services, and gradual growth in credit card services. The presentation left attendees more optimistic about Robinhood's prospects for long-term revenue and earnings growth.
After attending the inaugural investor day of Robinhood, it was noted that management discussed the strategic direction of the platform extending over the next decade and provided insights into near-term product and geographical priorities. While the details on forward-looking financials were somewhat sparse, indications were given of expecting double-digit revenue growth, with expense growth tracking below that of revenue, and anticipating double-digit EPS growth 'over time'. This framework suggests considerable flexibility.
Here are the latest investment ratings and price targets for $Robinhood (HOOD.US)$ from 8 analysts:
Note:
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