Top Analysts Raise the Bar on Robinhood Stock (HOOD) Even After a 150% Surge
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Citi Sees More Upside for HOOD, but Keeps a Hold Rating
Citi's five-star-rated analyst Christopher Allen doubled his price target on HOOD from $50 to $100 but kept a Hold rating. The adjustment comes ahead of the broker group's Q2 earnings, scheduled for July 30. Citi's new price target implies a 7% upside from current levels, compared to the average analyst estimate, which suggests over 17% downside.
Allen noted that the stock market rebound, steady retail trading, and a brighter outlook for capital markets have all supported the brokerage sector.
However, Allen kept a cautious stance on HOOD stock. He pointed out that the stock is now trading at a high valuation, around 62x and 48x Citi's projected earnings for 2026 and 2027. As a result, Allen believes most of the future growth is already reflected in the current stock price, making it hard to justify a Buy rating.
Other Analysts Weigh In on HOOD Stock
Similarly, Goldman Sachs analyst James Yaro also raised his price target on HOOD stock from $91 to $104, suggesting a growth rate of over 11%. Earlier, Goldman pointed to Robinhood's ongoing product rollouts and international expansion as key reasons for a more optimistic view of the company's long-term growth potential.
Meanwhile, Barclays reiterated its Buy rating on HOOD stock, keeping its price target stable at $57.
According to TipRanks' consensus, HOOD stock has a Moderate Buy rating, based on 14 Buys, five Holds, and one Sell assigned in the last three months. The Robinhood Markets share price target of $77.47 implies a 17.1% downside over current trading levels.
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