Goldman Sachs, Barclays and Jefferies lower Robinhood 12-month price targets to an average of $118
AI Market Summary
Goldman Sachs, Barclays, and Jefferies lowered 12-month targets for Robinhood despite a Q2 beat on revenue ($1.31B) and EPS ($0.62), highlighting concerns after crypto revenue fell 38% YoY to $100M. The mixed stance—targets cut but buy/overweight ratings largely maintained—signals tempered expectations amid hawkish-Fed volume risk, with incremental support from longer-dated growth initiatives like tokenization and new product lines.
Impact level
● Medium
Affected assets
NCSKHOOD2USD/USDT-0.07%
AI Insight · NCSKHOOD2USD/USDTAI Insight
● Neutral
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Goldman Sachs, Barclays and Jefferies cut their 12-month price targets for Robinhood (HOOD), lowering the average target to $118 from $137. The moves came after the company posted strong Q2 results, with revenue of $1.31 billion and EPS of $0.62 beating expectations. Crypto revenue, however, slid 38% year over year to $100 million, raising questions about the durability of growth and sending the stock down nearly 4% in after-hours trading.
