Goldman, Barclays, Jefferies Cut Robinhood Targets Despite Earnings Beat
Goldman Sachs, Barclays, and Jefferies lower their Robinhood Markets (HOOD) value targets on Thursday, one night after the Nasdaq-listed brokerage beat second-quarter income and revenue estimates. Goldman and Jefferies had every raised their targets to $137 earlier in July.
All three corporations saved bullish rankings. Their reversal is about timing, not execution. Analysts now count on Robinhood’s present buying and selling enterprise, slightly than its newer merchandise, to hold progress into 2027.
Why Did Analysts Cut Robinhood Price Targets After an Earnings Beat?
Goldman Sachs moved to $118. Jefferies went to $127. Barclays cut deepest, to $105.
| Firm | New goal | Prior | Rating | Change |
|---|---|---|---|---|
| Barclays | $105 | $122 | Overweight | -14% |
| Goldman Sachs | $118 | $137 | Buy | -14% |
| Needham | $120 | $123 | Buy | -2% |
| Jefferies | $127 | $137 | Buy | -7% |
The spherical journey is what stands out. Jefferies lifted its goal from $94 to $137 on July 8. Goldman reached $137 in mid-July. Both unwound that optimism inside a month.
Not everybody retreated. Piper Sandler held $135 and BTIG reiterated $125. Bernstein’s $160, set July 20, nonetheless leads the 28 analysts protecting the inventory.
Why It Matters for HOOD Stock
Robinhood beat and nonetheless couldn’t maintain a bid. That sample is established, not new.
In November 2025, Robinhood beat on each traces and fell 10.8% the subsequent session. HOOD traded close to $89.67 on Thursday morning, about 42% under its October 2025 report.
Barclays framed the ceiling plainly. It expects present companies to drive near-term progress, arguing newer bets want years earlier than they transfer the income base.
Robinhood’s HOOD inventory fell virtually 2% at market open, and was buying and selling for $88.06 as of this time.
What Robinhood’s Q2 Filing Actually Shows
Revenue rose 32% to a report $1.31 billion, per the corporate’s filing. Diluted earnings reached $0.62 per share, up 48%. Adjusted EBITDA hit $741 million.
Earnings high quality is thinner than the headline suggests. Roughly $0.14 of that EPS got here from one-off features, principally the deconsolidation of Robinhood Ventures Fund I.
Crypto stays the smooth spot. Robinhood’s crypto revenue beat consensus at $100 million, but fell 38% from $160 million a yr earlier.
That line now provides 8% of web revenues, down from 16%. The 10-Q blames weaker market-maker rebate charges and 16% fewer customers inserting crypto trades.
What to Watch Over the Next 30 Days
July web new belongings are monitoring towards $4 billion, smooth after a powerful June.
Costs are the offset. Robinhood cut 10% of staff in June and lowered full-year 2026 expense steering to a variety of $2.675 billion to $2.775 billion.
Robinhood additionally leads tokenized stock ownership by holder depend whereas trailing on cash dedicated, which is the hole Barclays is pricing.
With the consensus goal close to $122 and the inventory beneath $90, the query is whether or not prediction markets and tokenized belongings scale earlier than that unfold closes by itself.
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