Goldman Sachs Raises Robinhood Price Target to $137
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Goldman Sachs raised Robinhood's price target to $137 from $121 and kept a Buy rating as shares climbed 19.47% in the month ahead of the July 29 earnings report. Analysts expect revenue to rise 23.89% year-over-year next quarter, a sign of improving fundamentals that could bolster crypto adoption and retail trading volumes on centralized platforms (CEX), implying a positive market impact.
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- Goldman Sachs lifted Robinhood’s price target to $137 and maintained its Buy rating.
- Robinhood shares gained 19.47% in a month ahead of its July 29 earnings report.
- Analysts expect Robinhood’s revenue to rise 23.89% year over year in the next quarter.
Goldman Sachs has increased its price target for Robinhood Markets to $137 from $121 while maintaining a Buy rating, showing a revised outlook as the brokerage continues to draw attention ahead of its next quarterly earnings report.
The updated target comes after a series of operational changes and follows the firm’s earlier adjustments this year. At the same time, Robinhood shares have continued to outperform market benchmarks over the past month, while analysts remain focused on upcoming financial results and any further changes to earnings expectations.
Goldman Sachs Revises Robinhood Outlook
Goldman Sachs an…
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