Robinhood Markets, Inc. (HOOD) Stock Forecast & Price Targets - Stock Analysis (2024)

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Robinhood Markets, Inc. (HOOD) Stock Forecast & Price Targets - Stock Analysis? ›

Robinhood Stock Forecast

The average price target for Robinhood Markets is $23.42. This is based on 15 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $32.00 ,the lowest forecast is $17.00. The average price target represents 23.65% Increase from the current price of $18.94.

(HOOD) currently has an average brokerage recommendation (ABR) of 2.18 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.)

Analyst Price Targets

The average price target is $23.42 with a high estimate of $32 and a low estimate of $17.

Vanguard owns the most shares of Robinhood Markets (HOOD).

However, analysts believe HOOD stock has the potential to rise by almost 40% over the coming year, especially if there is an increase in cryptocurrency trading numbers.

The financial health and growth prospects of HOOD, demonstrate its potential to underperform the market. It currently has a Growth Score of C. Recent price changes and earnings estimate revisions indicate this would not be a good stock for momentum investors with a Momentum Score of D.

Users can easily trade stocks, ETFs, options, and cryptocurrencies and spot Bitcoin and Ethereum ETFs on the Robinhood platform, but it lacks the more sophisticated financial tools, asset categories, and research capabilities that advanced traders look for in a broker.

The intrinsic value of one HOOD stock under the Base Case scenario is 13.02 USD. Compared to the current market price of 19.67 USD, Robinhood Markets Inc is Overvalued by 34%.

In December 2021, Robinhood acquired Cove Markets, a developer of cryptocurrency trading platforms. In June 2023, Robinhood acquired X1, a credit card issuance startup that offers a no-fee, income-based credit card with rewards, for $95 million, which was rebranded as Robinhood Card.

Is Robinhood financially stable? ›

Robinhood is considered safe for investors. It's a member for the Securities Investor Protection Corp.

The app targets first-time investors and millennials. Co-founder Vlad Tenev gave this example: If a novice investor wants to make a $100 trade, he or she can't afford the $7 to $10 fee that a traditional brokerage firm would charge.

Do you actually own the stock on Robinhood? Investors do own the shares of stocks and ETFs purchased on the Robinhood platform. This is the same type of stock ownership you get when you purchase stocks through most other brokerage companies.

Robinhood Financial and Robinhood Securities primarily earn income from the following sources: Margin lending. Stock lending. Income generated from uninvested cash.

The latest trading day saw Robinhood Markets, Inc. (HOOD) settling at $22.07, representing a +1.99% change from its previous close.

Chance of profit is an estimate based on the model assumptions and does not guarantee future results. Numerous factors that are not reducible to a model determine the actual chance of profit for a particular option contract or strategy.