Rosenblatt Initiates Robinhood Markets (HOOD) at Buy
Key Points
- Rosenblatt started coverage of Robinhood Markets, Inc. HOOD on October 21, 2026, with a Buy rating and a $135.00 price target.
- Rosenblatt's $135 price target implies 37.35% upside from Robinhood Markets, Inc.'s ($HOOD) current $98.29 share price.
- Robinhood recently reported trailing twelve-month revenue of $4.93 billion with net income yielding strong margins.
- Wall Street maintains a general consensus buy recommendation with 29 analyst opinions on record.
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Rosenblatt's Call on Robinhood Markets
On October 21, 2026, Rosenblatt initiated coverage on Robinhood Markets, Inc. (NasdaqGS: HOOD), giving the retail brokerage platform a Buy rating alongside a $135.00 price target. The firm's research note highlights optimism around the company's operating momentum. The stock closed at $98.21 on October 20, 2026.
HOOD
Robinhood Markets, Inc.
Rosenblatt vs. the S&P 500
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Other Institutional Activity in Robinhood Markets
Other large institutional holders adjusted positions earlier in the year. Newlands Management Operations LLC held 24,158,860 shares valued at about $2.37 billion as of June 30, 2026, leaving its holdings unchanged. Meanwhile, Index Venture Associates VI Ltd reduced its stake by 1,446,790 shares, ending the period with 10,127,528 shares worth approximately $994.62 million, a 12.5% decrease.
Robinhood Markets, Inc. Stock Down 0.6%
Robinhood shares recently traded around $98.29 as of October 21, 2026, putting the stock up about 0.1% from its prior close. The shares sit below their 50-day moving average of $108.69 while remaining above their 200-day moving average of $93.68.
$HOOD price target
Robinhood Markets, Inc. daily closes and this analyst's $135 target. Not advice.
Recent Earnings
Robinhood reported trailing-twelve-month revenue of $4.93 billion and trailing earnings of $2.27 per share. The company's net margin stands at 42.0% with a return on equity of 23.6%. The next earnings report is scheduled for October 27, 2026.
Insider Buying and Selling at Robinhood Markets, Inc.
Company insiders executed multiple sales in late summer and early autumn. Chief Executive Officer Vladimir Tenev sold 259,166 shares on September 21, 2026, valued at about $32.55 million, followed by a sale of 240,834 shares worth roughly $30.18 million on September 22, 2026. Tenev later sold 375,000 shares worth about $42.64 million on October 5, 2026. Officer Daniel Martin Gallagher Jr. also sold 10,000 shares worth $1.14 million on October 5, 2026.
Analysts Set New Price Targets
Wall Street firms have actively updated their views on the stock. On October 13, 2026, Truist Securities maintained a Buy rating while lifting its price target from $130.00 to $134.00. Wells Fargo maintained an Equal-Weight rating on October 14, 2026, lowering its target from $125.00 to $120.00. JP Morgan maintained a Neutral rating on October 20, 2026, raising its target from $103.00 to $115.00. Alongside Rosenblatt's initiation, Needham maintained a Buy rating on October 21, 2026, while lifting its target from $123.00 to $126.00. Across 29 analyst opinions, the stock holds a consensus buy recommendation with a mean target price of $134.38.
About Robinhood Markets
Robinhood Markets, Inc. operates an online financial services platform based in Menlo Park, California. The company enables individual investors to trade stocks, exchange-traded funds, options, and cryptocurrencies without traditional commission fees. Its platform offers fractional shares, cash sweep options, and retirement accounts tailored to modern retail investors.
Bottom Line
Rosenblatt's new coverage adds to a generally favorable outlook from Wall Street analysts heading into the company's upcoming earnings release on October 27, 2026. Investors will monitor whether top-line growth matches the optimism reflected in current price targets.
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Source: Rosenblatt's rating change on $HOOD (Oct 21, 2026). Written by software, not financial advice. How we make alerts