- Goldman Sachs raised Robinhood’s worth goal to $137 and maintained a purchase score.
- Robinhood inventory rose 19.47% within the month forward of its July 29 earnings launch.
- Analysts predict that Robinhood’s income for the subsequent quarter will improve by 23.89% year-over-year.
Goldman Sachs raised its worth goal on Robinhood Markets to $137 from $121 whereas sustaining its purchase score, marking a revised outlook because the brokerage continues to draw consideration forward of its subsequent quarterly earnings report.
The up to date targets had been introduced after a sequence of operational modifications and observe changes made earlier this yr. On the identical time, Robinhood inventory has continued to outperform market benchmarks over the previous month, however analysts stay targeted on future earnings and additional modifications to earnings estimates.
Goldman Sachs Revises Robinhood Outlook
Goldman Sachs analyst James Yaro raised his worth goal on Robinhood to $137 and reiterated his purchase score. Individually, analysts tracked by FactSet keep a median Obese score on Robinhood, with a median worth goal of $120.83.
The newest revision follows an earlier adjustment reported on February 20, when Goldman Sachs lowered the goal from $130 to $111 whereas sustaining the identical score. Regardless of considering the valuation, the corporate cited a number of working metrics that assist its newest estimates.
The variety of funded accounts elevated by 9% year-on-year to 27.2 million accounts, whereas inventory buying and selling quantity elevated by 57% and crypto buying and selling quantity elevated by 12%. Prediction market occasion contracts additionally elevated 17% month over month to $3.4 billion. Goldman Sachs additionally famous that day by day charges reached $10 million and downloads of the Robinhood app elevated 30% from the earlier month.
Shares proceed to outperform the broader market
Robinhood inventory closed at $115.54 in latest buying and selling, growing 1.84% on the day. The inventory outperformed the broader market, with the S&P 500 up 0.38%, the Dow Jones Industrial Common up 0.29% and the Nasdaq Composite Index up 0.62%.
Robinhood shares have gained 19.47% over the previous month, outpacing the Financials sector’s 3.3% rise and the S&P 500’s 1.61% achieve over the identical interval.
Market focus shifts to future earnings
Investor consideration now turns to Robinhood’s earnings report, scheduled for July 29, 2026.
Analysts count on the corporate’s earnings per share to be $0.40, down 4.76% from the identical interval final yr. Income is predicted to achieve $1.23 billion, a rise of 23.89% yr over yr.
For the complete yr, the consensus estimate is for earnings of $1.88 per share, down 8.29% from the prior yr, whereas income is predicted to whole $5.01 billion, representing an annual development charge of 12.07%.
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