Deutsche Bank analyst Brian Bedell maintains $Robinhood (HOOD.US)$ with a buy rating, and adjusts the target price from $36 to $42.
According to TipRanks data, the analyst has a success rate of 59.4% and a total average return of 14.1% 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, there is an increase in earnings forecasts, bolstered by the company's recent international expansion, active trader product launch, and anticipations of new offerings in the crypto and U.S. advisory sectors.
Following the investor day, Robinhood depicted a 10-year business plan that emphasizes leadership in active trading, greater market share penetration among the upcoming generations, and aims at integrating itself significantly into the global financial landscape. The company's management showcased a broader vision on their product trajectory, expressing expectations for the rollout of event contracts next year alongside the expansion in futures, index options, and a more sophisticated desktop trading platform. Additionally, they plan on enriching their offerings in cryptocurrencies, wealth advisory, and patient growth in their credit card services. This presentation has heightened optimism regarding Robinhood's potential for long-term growth in revenue and earnings.
The comprehensive overview provided during the inaugural Robinhood investor day featured management's layout of strategic plans for the platform's future, including discussions on near-term priorities regarding products and geographical expansion. Although the forward-looking financial details were somewhat scant, they did suggest double-digit revenue growth and expense growth slower than revenue growth, coupled with an expectation of double-digit EPS growth over time. This framework offers notable flexibility.
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