On Jan 07, major Wall Street analysts update their ratings for $Robinhood (HOOD.US)$, with price targets ranging from $43 to $54.
Goldman Sachs analyst James Yaro maintains with a buy rating, and adjusts the target price from $48 to $47.
J.P. Morgan analyst Ken Worthington upgrades to a hold rating, and adjusts the target price from $20 to $43.
Piper Sandler analyst Patrick Moley maintains with a buy rating, and maintains the target price at $54.
Bernstein analyst Gautam Chhugani maintains with a buy rating, and maintains the target price at $51.
Furthermore, according to the comprehensive report, the opinions of $Robinhood (HOOD.US)$'s main analysts recently are as follows:
Alternative asset managers are experiencing significant enduring tailwinds, with emphasis placed on the retail and wealth sectors as particularly promising. Exchanges, however, appear less captivating in bullish markets, leading to a slower expansion compared to more asset sensitive sectors like asset managers and certain brokers. It is anticipated that Trump administration policies may benefit businesses involved in energy exchanges, although growth prospects appear subdued in other asset sectors. Brokers, favored to excel by 2025, are expected to benefit from more robust short-term rates enhancing margin lending and other high-margin operations. An actively trading retail customer base, deriving profits currently, may prolong an active trading environment. Analysts highlight that Robinhood has made significant strides in validating its operations beyond its initial focus on meme-stock trading.
Robinhood has successfully transitioned from being a rapidly expanding, sometimes profitable online broker primarily aimed at younger investors, to a leading example of consistent top and bottom line growth, and assets under custody accumulation. The company's growth prospects in the near to medium term are bolstered by increasing wallet share among highly-profitable active traders, with a long-term opportunity to broaden its total addressable market both domestically and internationally.
Here are the latest investment ratings and price targets for $Robinhood (HOOD.US)$ from 4 analysts:
Note:
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