Goldman Sachs, Barclays, Jefferies Cut Robinhood (HOOD) Stock Price Target
Highlights
- Wall Street giant Goldman Sachs cuts its price target for Robinhood to $118 after Robinhood's Q2 earnings.
- Jefferies analyst Daniel Fannon lowered HOOD stock price target to $127 from $137.
- Barclays analyst Benjamin Budish lowered HOOD stock price target to $89 from $122.
Wall Street giants including Goldman Sachs, Barclays, and Jefferies have cut their price targets on HOOD stock on Thursday. Lower price targets were given despite Robinhood Markets reporting strong Q2 2026 financial results, with earnings per share and revenues beating Wall Street estimates.
Goldman Sachs Holds Buy Rating, But Trims HOOD Stock Price Target
Wall Street giant Goldman Sachs lowered its price target for Robinhood on July 30. The bank analysts reduced the 12-month price target for HOOD stock from $137 to $118.
Goldman Sachs maintained its buy rating on the stock, but expects slower upside momentum for the stock amid growing headwinds. The adjustment followed Robinhood’s Q2 earnings report and recent overview on the company’s long-term growth and market valuation targets.
Robinhood reported record Q2 revenue of $1.31 billion and EPS of $0.62, beating Wall Street estimates. However, HOOD stock fell almost 4% during after-hours trading following a 38% year-over-year decline in crypto revenue to $100 million.
In premarket hours today, HOOD stock price has rebounded 0.94% to $90.68. Notably, Bernstein raised its price target to $160 for Robinhood Markets due to rising growth in prediction markets, perpetual futures, and tokenized equities offerings.
Jefferies and Barclays Cut Robinhood Targets
Jefferies analyst Daniel Fannon lowered HOOD stock price target to $127 from $137. The firm maintained its buy on the stock as Robinhood expands into different markets, especially tokenization.
The slight reduction aligns with broader adjustments in forecasts across the brokerage and fintech space as Wall Street analysts reevaluate trading volumes and revenue outlooks amid a hawkish Fed.
In contrast, Barclays analyst Benjamin Budish cut the price target more sharply to $89 from $122. The firm kept an overweight rating on Robinhood, citing a recent drop in stock price.
Barclays believes Robinhood’s near-term growth will primarily depend on existing businesses. It added that the company’s new initiatives such as Robinhood Chain and partnerships with Trump Accounts will become material to Robinhood’s current revenue base in coming years.
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