Top analysts trim Robinhood stock price target
Robinhood Markets (Nasdaq: HOOD) goes to assist run the Trump Accounts initiative, the US Department of the Treasury revealed on Apr. 6.
The e-trading platform, which gained recognition for its crypto and tokenized stock choices, had already committed to contribute $1,000 every to the accounts for eligible kids of its staff.
Related: US Treasury unveils new partners for Trump Accounts
Following the announcement, Compass Point analyst Ed Engel reiterated a Buy ranking and the trimmed stock price target of $108 on Robinhood.
It was on Apr. 2 that Engel had lowered the price target on the Robinhood stock by 15% from $127 to $108 whereas sustaining a Buy ranking. The analyst trimmed the target to replicate softer Q1 key efficiency indicators.
Although the present setup resembles April 2025 when Wall Street was reducing forecasts forward of President Donald Trump’s “Liberation Day” tariffs, Engel mentioned the decision of the Iran battle that drives a V-shaped restoration for shares would make Robinhood a number one beneficiary.
Other analysts have additionally trimmed the price target on the Robinhood stock final week.
Trending on TheStreet Roundtable:
Wolfe Research
On Apr. 1, Wolfe Research analyst Steven Chubak slashed its price target on the Robinhood stock by 30% from $115 to $81. The analyst’s outlook mirrored a extra cautious outlook as crypto retail buying and selling slowed on the platform.
The latest crypto stoop has lowered the corporate’s buying and selling exercise which has put stress on its annual income, the agency mentioned. Nonetheless, the analyst maintained an “Outperform” ranking on the stock.
More on Robinhood:
NeedhamEdit
On Apr. 2, Needham analyst John Todaro additionally slashed its target price on Robinhood from $100 to $90. The analyst additionally held a “Buy” ranking due to slower development throughout the platform.
The analyst mentioned it was too early to name Robinhood a “financial super app.” I’ve added,
“We see HOOD as the farthest along financial services platform in becoming a financial super app, but the recent volume metrics and lowered net interest revenue reflect a more mutated environment.”
The analyst lowered the income estimates for Robinhood in 2026 and 2027, primarily on account of decrease anticipated buying and selling volumes and internet curiosity revenues.
Jefferies Financial Group
On Apr. 6, Jefferies cut the price target on Robinhood from $88 to $84. It maintained a “Buy” ranking on the corporate’s shares.
The HOOD stock closed 1.28% decrease at $69.78 on Apr. 6.
Related: ‘Iran can be taken out in one night’: Trump’s fresh threat erases market gains
This story was initially printed by TheStreet on Apr 6, 2026, the place it first appeared within the Investing part. Add TheStreet as a Preferred Source by clicking here.
