Analysts raise Robinhood price targets and initiate coverage, stock climbs 1.6% pre‑market
Rosenblatt Securities began coverage of Robinhood Markets with a Buy rating and a $135 price target, citing the firm’s expansion into a broader financial‑services platform. JPMorgan Chase lifted its target to $115 from $103 while keeping a Neutral stance. The upgrades helped the shares rise about 1.6% in pre‑market trading to $99.77. Insider activity over the past year showed net selling of $663.9 million of stock.
Why it matters
The higher price targets and new coverage may support the stock ahead of Robinhood’s Q3 earnings on 27 October, giving investors a benchmark for valuation expectations. The insider net‑selling figure highlights a potential divergence between management and external investors.
Key facts
- 1Rosenblatt initiated coverage with a Buy rating and a $135 price target. gurufocus.com
- 2JPMorgan raised its price target for Robinhood from $103 to $115 while maintaining a Neutral rating. marketscreener.com
- 3Robinhood shares gained 1.6% in pre‑market trading, reaching $99.77. finance.yahoo.com
- 4Insiders sold $663.9 million of Robinhood stock over the past 12 months. gurufocus.com
- 5Robinhood’s price‑to‑sales ratio stands at 17.99×. gurufocus.com
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.