Robinhood (HOOD) has already soared over 150% this year, but top Wall Street analysts believe the rally may not be over. Notably, a few analysts raised their price targets on HOOD stock yesterday while reaffirming their Buy ratings. A year ago, fewer than 40% of analysts rated HOOD a Buy, but that number has now climbed to over 70%. Still, some skepticism lingers after the stock’s sharp rally, which pushed it to a record high last week.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Robinhood offers commission-free trading of stocks, ETFs, options, and cryptocurrencies through its mobile-first platform.
Citi Sees More Upside for HOOD, but Keeps a Hold Rating
Citi’s five-star-rated analyst Christopher Allen doubled his price target on HOOD from $50 to $100 but kept a Hold rating. The adjustment comes ahead of the broker group’s Q2 earnings, scheduled for July 30. Citi’s new price target implies a 7% upside from current levels, compared to the average analyst estimate, which suggests over 17% downside.
Allen noted that the stock market rebound, steady retail trading, and a brighter outlook for capital markets have all supported the brokerage sector.
However, Allen kept a cautious stance on HOOD stock. He pointed out that the stock is now trading at a high valuation, around 62x and 48x Citi’s projected earnings for 2026 and 2027. As a result, Allen believes most of the future growth is already reflected in the current stock price, making it hard to justify a Buy rating.
Other Analysts Weigh In on HOOD Stock
Similarly, Goldman Sachs analyst James Yaro also raised his price target on HOOD stock from $91 to $104, suggesting a growth rate of over 11%. Earlier, Goldman pointed to Robinhood’s ongoing product rollouts and international expansion as key reasons for a more optimistic view of the company’s long-term growth potential.
Meanwhile, Barclays reiterated its Buy rating on HOOD stock, keeping its price target stable at $57.
Is HOOD a Good Stock to Buy?
According to TipRanks’ consensus, HOOD stock has a Moderate Buy rating, based on 14 Buys, five Holds, and one Sell assigned in the last three months. The Robinhood Markets share price target of $77.47 implies a 17.1% downside over current trading levels.
