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Robinhood
StoneX kept its $170 price target on Robinhood, citing record operating metrics even though revenue and GAAP EPS fell short of estimates. The firm noted that adjusted EPS reached $0.60 after excluding an unrealized loss from its venture fund.
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Robinhood
Bernstein reiterated its Outperform rating on Robinhood, setting a $160 price target that implies roughly 69 percent upside. Analyst Gautam Chhugani cited growth in prediction markets and crypto infrastructure as key drivers for the next 12 to 18 months.
Robinhood
Mizuho kept its positive view on Robinhood, setting a $130 target that implies 37.48 percent gains from $94.56. Analyst Dan Dolev sees the recent dip as a chance to buy after mixed monthly data.
Robinhood
The firm's quarterly revenue matched forecasts, boosted by expansion into options and prediction markets. However, falling crypto prices reduced overall profits, countering gains from these newer service lines.
Robinhood
The broker's quarterly transaction income rose 19 percent to $867 million. Customer stock trading volume reached a new high of $992 billion, up 53 percent from the prior year.
Robinhood
Robinhood reported a third-quarter net loss of $1.43 billion and revenue of $1.24 billion, both missing analyst estimates. Active customers declined to 18.3 million, causing shares to fall over 10 percent in premarket trading.
Robinhood Earnings
Robinhood reported third-quarter net revenue of $1.42 billion, below the $1.44 billion estimate. Earnings per share came in at 51 cents, missing the 56 cent forecast, while crypto revenue reached $120 million.
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