Goldman Sachs Rates Robinhood Markets (HOOD) buy

Goldman Sachs has maintained its buy rating for Robinhood Markets, Inc. with a target price of $121, a 20% upside from the current price.

By TradeTexts Research Desk · Published Jun 29, 2026, 9:01 AM EDT · Updated Jul 1, 2026, 9:01 AM EDT

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Goldman Sachs rated Robinhood Markets, Inc. ($HOOD) "buy" with a $121 price target on June 29, 2026.

Since the rating, $HOOD is up 15.4% after 1 week, down 11.8% after 1 month and down 2.9% to date (from the $101.83 close on Jun 29, 2026).

HOOD Robinhood Markets, Inc.

$98.87 -14.18% year to date

Daily close · Oct 16, 2026

Key Points

Goldman Sachs reiterated its buy rating for Robinhood Markets, Inc. (HOOD) with a target price of $121 on June 29, 2026.
Goldman Sachs's $121 price target implies 20% upside from Robinhood Markets, Inc.'s ($HOOD) current $100.83 share price.
Shares of HOOD traded near $98.69 on Monday, with a market cap of approximately $88.9 billion and a P/E ratio of 47.9.
BTIG initiated coverage with a buy rating and a $125 target, while Argus maintained a buy rating with a $110 target.

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On June 29, 2026, Goldman Sachs reiterated its buy rating on Robinhood Markets, Inc. (NASDAQ: HOOD), setting a price target of $121. Analyst James Yaro underscored the firm's positive outlook on the financial services platform.

Analyst rating track record

Goldman Sachs vs. the S&P 500

YTD return +15.80% hypothetical

All-time return +50.11% S&P 500 +27.65%

vs. S&P 500 +22.46% ahead of the index

Hypothetical returns from Goldman Sachs's disclosed trades, not real profit or advice. How we model this.

Robinhood Markets, Inc. Stock Down 0.2%

Shares of NASDAQ:HOOD traded near $98.69 on Monday. Robinhood Markets has a market cap of around $88.9 billion and a P/E ratio of 47.9. The stock has seen a 52-week low of $63.52 and a high of $153.86. Its 50-day moving average is $85.22, while the 200-day moving average sits at $102.58. The company has a current ratio of 1.11 and a quick ratio of 1.07, with a debt-to-equity ratio of 140.48.

12-month forecast

$HOOD price target

Robinhood Markets, Inc. daily closes and this analyst's $121 target. Not advice.

Recent Earnings

Robinhood Markets reported revenue of approximately $4.61 billion, marking a growth of 15.1%. The company's net margin stands at 41.1% with a return on equity of 21.5%. Earnings per share were $2.06. The next earnings report is scheduled for July 29, 2026.

Insider Buying and Selling at Robinhood Markets, Inc.

On June 15, 2026, Shiv Verma, Chief Financial Officer, sold 3,984 shares at an average price of $98.84 under a Rule 10b5-1 plan. Additionally, Verma sold 11,948 shares at $93.19 on the same day. Earlier, on June 11, 2026, Baiju Bhatt engaged in both buying and selling of 57,898 shares, with some transactions planned under Rule 10b5-1. On June 5, Meyer Malka acquired 250,000 shares at $80.74.

Analysts Set New Price Targets

On June 29, 2026, Goldman Sachs maintained its buy rating for Robinhood Markets with a $121 price target. Just days before, on June 26, 2026, BTIG initiated coverage with a buy rating and a $125 target. Argus Research also maintained a buy rating with a $110 target on June 17, 2026. The consensus among 25 analysts is a buy rating, with a mean target price of $102.90.

About Robinhood Markets

Robinhood Markets, Inc., based in Menlo Park, California, operates a financial services platform allowing users to invest in stocks, ETFs, and ADRs. Founded in 2013, the company offers features like fractional trading, margin investing, and a variety of educational resources. CEO Vladimir Tenev leads the company, which employs around 2,900 people.

Bottom Line

Goldman Sachs's reiterated buy rating with a $121 target reflects continued confidence in Robinhood Markets, Inc. Investors track these ratings closely, although they represent past analyses. The stock's performance and analyst opinions highlight its potential in the financial services sector.