Citizens raises Robinhood stock price target to $170 on earnings upside

Investing.com - Citizens raised its price target on Robinhood Markets (NASDAQ:HOOD) to $170.00 from $130.00 on Thursday, while maintaining a Market Outperform rating on the stock. The new target represents potential upside from the current price of $150.87, with the stock trading near its 52-week high of $153.86 after an impressive YTD return of 304.91%.

The firm cited potential upside to third-quarter estimates, modeling earnings per share of $0.62 compared to consensus estimates of $0.49. According to InvestingPro data, two analysts have recently revised their earnings estimates upward for the upcoming period, with the company maintaining a "GREAT" overall financial health score.

Citizens also projects adjusted EBITDA of $748 million for Robinhood, above the consensus estimate of $685 million.

The research firm acknowledged that expectations for a strong quarter are likely reflected in the stock’s recent performance, noting that Robinhood "has been a continual beat-and-raise story."

Citizens suggested that momentum could continue for Robinhood shares, pointing to "many aspects of earnings upside over the next couple of years that are barely in models at this point."

In other recent news, CleanCore Solutions announced that its Official Dogecoin Treasury has accumulated over 710 million DOGE tokens since September 5, 2025. The company reported unrealized gains exceeding $20 million on these holdings, supported through a partnership with Bitstamp by Robinhood. Robinhood Markets has been in the spotlight with Rothschild Redburn maintaining a Sell rating on the stock, setting a price target of $68. In contrast, Needham raised its price target for Robinhood to $145 from $120, maintaining a Buy rating, following strong September trading metrics. Robinhood reported approximately 187 million option contracts traded from September 1 through September 25, highlighting the platform’s growing popularity. The company is also exploring international expansion for its prediction markets product, engaging with regulators like the UK’s Financial Conduct Authority. Meanwhile, the Securities and Exchange Commission is developing a plan to allow blockchain-based stock trading, a move aligned with the Trump administration’s crypto-friendly agenda. This initiative could enable investors to purchase tokens representing shares of companies on crypto exchanges.

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