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Investing.com - KeyBanc Capital Markets raised its price target on Robinhood Markets (NASDAQ:HOOD) to $155.00 from $135.00 on Friday, while maintaining an Overweight rating on the stock ahead of the company’s upcoming earnings report. The new target remains below the Street’s highest projection of $170, with Robinhood currently trading at $138.07.
The investment firm cited a favorable third-quarter setup and improved outlook for fiscal year 2026 as key factors behind the price target increase. Robinhood is scheduled to report its quarterly results on November 5 after market close, with InvestingPro data showing three analysts have recently revised their earnings expectations upward for the upcoming period.
KeyBanc’s analysts noted they have calibrated their model with intra-quarter data and expressed optimism about Robinhood’s performance heading into the earnings announcement. The firm also highlighted growing confidence in recent product updates and preliminary fourth-quarter data. This optimism comes as Robinhood has delivered impressive 59.38% revenue growth over the last twelve months.
The research note mentioned an improved monetization outlook for fiscal year 2026 following a closer examination of cryptocurrency-related factors, which contributed to KeyBanc raising its financial projections for both fiscal years 2025 and 2026. Analysts forecast 46% revenue growth for fiscal year 2025, with earnings per share expected to reach $2.10.
Robinhood shares have declined 3.6% over the past month while the Nasdaq has gained 4.1%, though the stock has risen 34.0% since July 31, outperforming the Nasdaq’s 11.6% increase during the same period. InvestingPro data reveals even more impressive longer-term performance, with a 181.14% gain over six months and a staggering 487.78% return over the past year. This is just one of many insights available in the comprehensive Pro Research Report, available for over 1,400 US equities.
In other recent news, Robinhood Markets has been the subject of several notable developments. Compass Point has increased its price target for Robinhood to $161, citing a strong outlook and third-quarter EBITDA forecasts that exceed consensus estimates by 6%. Additionally, CICC initiated coverage on Robinhood with an Outperform rating, highlighting the company’s success in digital asset growth and its user-friendly platform. However, Robinhood’s acquisition of WonderFi Technologies has been delayed to the first half of 2026 due to additional development work and regulatory approvals. Meanwhile, Robinhood is exploring potential acquisitions in the prediction markets sector, signaling its interest in expanding into this growing asset class. In a related move, Opendoor Technologies will host its Q3 2025 earnings presentation on Robinhood’s platform, marking a shift towards more interactive investor engagement. Robinhood continues to show robust client growth, boasting 26.5 million customers and $278.6 billion in total client assets as of mid-2025. These recent developments reflect Robinhood’s strategic initiatives and evolving market positioning.
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