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Investing.com - Compass Point has raised its price target on Robinhood Markets (NASDAQ:HOOD) to $161.00 from $105.00 while maintaining a Buy rating on the stock. The company’s shares, currently trading at $139.79, have delivered an impressive 380% return over the past year, according to InvestingPro data.
The research firm’s third-quarter EBITDA forecast sits 6% above consensus estimates, with expectations that Robinhood will disclose October trends tracking well above fourth-quarter projections.
Compass Point noted that when annualizing its third-quarter forecasts, Robinhood’s transaction revenue is only 2% below consensus estimates for 2026, suggesting potential upside to longer-term expectations.
The firm sees additional fourth-quarter upside driven by higher prediction market volumes, cryptocurrency fee pricing, and staking revenue, all contributing to sequential growth.
Despite Robinhood trading at what Compass Point acknowledges is a premium valuation of 62 times its 2026 estimated earnings per share (43 times EBITDA), the firm remains comfortable with its Buy rating as long as revenue and EBITDA continue to exceed market expectations.
In other recent news, Robinhood Markets has announced a delay in its acquisition of WonderFi Technologies, with the deal now expected to close in the first half of 2026. The postponement is due to the need for additional development work and regulatory approvals for integration enhancements. Meanwhile, Robinhood is exploring potential acquisitions in the prediction markets sector, as this asset class gains global popularity. JB Mackenzie, a company executive, indicated that Robinhood is balancing potential acquisitions with its in-house development capabilities.
On the financial front, Citizens has raised its price target for Robinhood to $170, citing potential upside in third-quarter earnings, projecting an earnings per share of $0.62, above the consensus estimate of $0.49. In contrast, Rothschild Redburn has reiterated its Sell rating on Robinhood, maintaining a price target of $68. Furthermore, CleanCore Solutions has reported that its Official Dogecoin Treasury, supported by a partnership with Robinhood, has accumulated over 710 million DOGE tokens, with unrealized gains exceeding $20 million. These developments highlight significant activities and analyst perspectives surrounding Robinhood Markets.
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