Robinhood Markets (NASDAQ:HOOD) Shares Up 1.8% After Analyst Upgrade

Posted by Brenda Bartman on Oct 20th, 2026

Robinhood Markets, Inc. (NASDAQ:HOOD – Get Free Report)’s share price traded up 1.8% on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from $103.00 to $115.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Robinhood Markets traded as high as $101.10 and last traded at $98.21. Approximately 13,815,825 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 26,764,877 shares. The stock had previously closed at $96.52.

Several other research firms also recently weighed in on HOOD. The Goldman Sachs Group boosted their target price on shares of Robinhood Markets from $144.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, September 29th. Needham & Company LLC increased their price target on shares of Robinhood Markets from $120.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, September 16th. Barclays lifted their price target on Robinhood Markets from $105.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 7th. Cantor Fitzgerald reissued an “overweight” rating on shares of Robinhood Markets in a report on Tuesday, September 15th. Finally, China Renaissance initiated coverage on Robinhood Markets in a research note on Tuesday, July 7th. They set a “buy” rating and a $156.80 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Robinhood Markets currently has a consensus rating of “Moderate Buy” and an average price target of $130.05.

Read Our Latest Stock Report on Robinhood Markets

Insider Activity

In other news, CEO Vladimir Tenev sold 375,000 shares of Robinhood Markets stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $113.72, for a total value of $42,645,000.00. Following the completion of the transaction, the chief executive officer directly owned 375,000 shares of the company’s stock, valued at approximately $42,645,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $113.71, for a total transaction of $1,137,100.00. Following the sale, the insider directly owned 499,943 shares of the company’s stock, valued at approximately $56,848,518.53. This represents a 1.96% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,089,658 shares of company stock valued at $127,966,018 over the last quarter. 13.48% of the stock is owned by company insiders.

Key Stories Impacting Robinhood Markets

Here are the key news stories impacting Robinhood Markets this week:

Positive Sentiment: Earnings expectations are supportive: Zacks and Yahoo Finance report that Robinhood has factors pointing to a potential earnings beat, including favorable estimate revisions and operating momentum. A beat could reinforce confidence in the company’s growth trajectory. Robinhood Expected to Beat Earnings Estimates
Positive Sentiment: JPMorgan raised its price target: JPMorgan increased its target for HOOD from $103 to $115 while maintaining a Neutral rating. The higher target reflects improved expectations, even though the analyst is not yet recommending the stock outright. JPMorgan Raises Robinhood Price Target
Positive Sentiment: Business diversification continues: Robinhood has introduced more than 15 products, including AI trading agents, weekend stock trading and contracts linked to company metrics. The company’s prediction-market business has reportedly grown roughly tenfold, supporting the view that Robinhood is evolving beyond a traditional brokerage. Robinhood Has 13 $100M Businesses
Neutral Sentiment: Regulatory uncertainty surrounds prediction markets: A legal dispute involving Novig and Crypto.com over Missouri sports-wagering rules highlights the broader regulatory challenges facing prediction-market operators. The outcome could influence the environment for Robinhood’s expansion in this area. Prediction Market Regulatory Dispute
Negative Sentiment: Valuation and growth concerns remain: Robinhood trades at a premium earnings multiple, making the stock dependent on continued strong revenue, deposits and user growth. Analysts warn that a slowdown could pressure the shares, while recent weakness occurred even as the broader market advanced. What Happens if Robinhood Growth Stalls

Hedge Funds Weigh In On Robinhood Markets

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP lifted its holdings in shares of Robinhood Markets by 37.1% in the 2nd quarter. Wellington Management Group LLP now owns 786,318 shares of the company’s stock worth $78,852,000 after purchasing an additional 212,855 shares during the last quarter. Nykredit A S acquired a new position in Robinhood Markets during the 2nd quarter valued at approximately $29,008,000. NewEdge Advisors LLC boosted its position in Robinhood Markets by 18.3% during the 2nd quarter. NewEdge Advisors LLC now owns 68,920 shares of the company’s stock valued at $6,911,000 after purchasing an additional 10,685 shares during the period. Public Employees Retirement System of Ohio bought a new position in Robinhood Markets during the 2nd quarter worth $22,691,000. Finally, QRG Capital Management Inc. grew its stake in Robinhood Markets by 14.8% during the 2nd quarter. QRG Capital Management Inc. now owns 180,595 shares of the company’s stock worth $18,110,000 after buying an additional 23,253 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Robinhood Markets Price Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $88.30 billion, a price-to-earnings ratio of 43.26, a price-to-earnings-growth ratio of 1.93 and a beta of 2.35. The company has a 50-day simple moving average of $109.25 and a two-hundred day simple moving average of $96.60.

Robinhood Markets (NASDAQ:HOOD – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.18. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 32.5% compared to the same quarter last year. On average, equities research analysts predict that Robinhood Markets, Inc. will post 2.15 earnings per share for the current year.

Robinhood Markets Company Profile

(Get Free Report)

Robinhood Markets, Inc is a financial services company that operates a digital brokerage platform. Founded in 2013 by Vlad Tenev and Baiju Bhatt, the company became known for offering commission-free trading and a mobile-first investing experience designed to broaden access to financial markets.

Through its platform, Robinhood provides brokerage services for stocks, exchange-traded funds, options and other investments. Its offerings also include cryptocurrency trading, individual retirement accounts, margin investing, cash management services and Robinhood Gold, a subscription-based product that provides additional features and benefits.