Goldman Sachs Reiterates Buy Rating on Robinhood Markets
Goldman Sachs has maintained its buy rating for Robinhood Markets, Inc. with a target price of $121, a 20% upside from the current price.
Key Points
- Goldman Sachs reiterated its buy rating for Robinhood Markets, Inc. (HOOD) with a target price of $121 on June 29, 2026.
- Goldman Sachs's $121 price target implies 20% upside from Robinhood Markets, Inc.'s ($HOOD) current $100.83 share price.
- Shares of HOOD traded near $98.69 on Monday, with a market cap of approximately $88.9 billion and a P/E ratio of 47.9.
- BTIG initiated coverage with a buy rating and a $125 target, while Argus maintained a buy rating with a $110 target.
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On June 29, 2026, Goldman Sachs reiterated its buy rating on Robinhood Markets, Inc. (NASDAQ: HOOD), setting a price target of $121. Analyst James Yaro underscored the firm's positive outlook on the financial services platform.
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Robinhood Markets, Inc. Stock Down 3.3%
Shares of NASDAQ:HOOD traded near $98.69 on Monday. Robinhood Markets has a market cap of around $88.9 billion and a P/E ratio of 47.9. The stock has seen a 52-week low of $63.52 and a high of $153.86. Its 50-day moving average is $85.22, while the 200-day moving average sits at $102.58. The company has a current ratio of 1.11 and a quick ratio of 1.07, with a debt-to-equity ratio of 140.48.
$HOOD price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Robinhood Markets reported revenue of approximately $4.61 billion, marking a growth of 15.1%. The company's net margin stands at 41.1% with a return on equity of 21.5%. Earnings per share were $2.06. The next earnings report is scheduled for July 29, 2026.
Insider Buying and Selling at Robinhood Markets, Inc.
On June 15, 2026, Shiv Verma, Chief Financial Officer, sold 3,984 shares at an average price of $98.84 under a Rule 10b5-1 plan. Additionally, Verma sold 11,948 shares at $93.19 on the same day. Earlier, on June 11, 2026, Baiju Bhatt engaged in both buying and selling of 57,898 shares, with some transactions planned under Rule 10b5-1. On June 5, Meyer Malka acquired 250,000 shares at $80.74.
Analysts Set New Price Targets
On June 29, 2026, Goldman Sachs maintained its buy rating for Robinhood Markets with a $121 price target. Just days before, on June 26, 2026, BTIG initiated coverage with a buy rating and a $125 target. Argus Research also maintained a buy rating with a $110 target on June 17, 2026. The consensus among 25 analysts is a buy rating, with a mean target price of $102.90.
About Robinhood Markets
Robinhood Markets, Inc., based in Menlo Park, California, operates a financial services platform allowing users to invest in stocks, ETFs, and ADRs. Founded in 2013, the company offers features like fractional trading, margin investing, and a variety of educational resources. CEO Vladimir Tenev leads the company, which employs around 2,900 people.
Bottom Line
Goldman Sachs's reiterated buy rating with a $121 target reflects continued confidence in Robinhood Markets, Inc. Investors track these ratings closely, although they represent past analyses. The stock's performance and analyst opinions highlight its potential in the financial services sector.
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