Goldman Sachs analyst James Yaro initiates coverage on $Robinhood (HOOD.US)$ with a buy rating, and sets the target price at $46.
According to TipRanks data, the analyst has a success rate of 58.3% and a total average return of 8.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Robinhood (HOOD.US)$'s main analysts recently are as follows:
Following Robinhood's first investor day, analysts are increasing their earnings forecasts due to the company's recent international expansion, the introduction of an active trader product, and the anticipated new offerings in the crypto and the U.S. advisory channel.
Following Robinhood's investor day, the company outlined a 10-year business perspective that highlights its strategy to become a leader in active trading, expand its market share among the next generation, and secure its position in the global financial landscape. Management also provided greater clarity on their accelerated product roadmap which includes the introduction of event contracts, further development of futures and index options, an advanced desktop trading platform, and broader offerings in cryptocurrencies and wealth advisory, coupled with gradual growth in credit card services. The outlook for Robinhood's long-term revenue and earnings growth was viewed with increasing optimism.
During the inaugural investor day of a trading platform, management provided an outlook on the strategic direction for the next decade, and elaborated on near-term priorities for products and geographic expansion. The discussion on future financials, although somewhat sparing in detail, suggested expectations of double-digit revenue growth, with expense increases remaining below that of revenue, and double-digit EPS growth over time, offering significant operational flexibility.
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