Robinhood Analyst Targets Span $120 to $134 as Ratings Diverge

Robinhood Markets shares closed at $98.87 on Oct. 16 as three analyst actions put price targets between $120 and $134, with ratings and target changes moving in different directions. Evercore ISI analyst Adam Frisch opened coverage Oct. 12 with an Outperform rating and a $130 target. Truist Securities analyst David Smith kept his Buy rating and raised his target to $134 from $130 on Oct. 13. Wells Fargo analyst Daniel Welden retained Equal-Weight and lowered his target to $120 from $125 on Oct. 14. Frisch said Robinhood’s momentum “continues to impress, supported by a robust user and deposit base that’s rapidly scaling.” The three actions are a dated set of individual views, not a consensus range.

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