Shares of Robinhood Markets Inc (NASDAQ: HOOD) gained in premarket trading on Wednesday, after the company’s upbeat results for the fourth quarter.
The results came amid an exciting earnings season. Here are some key analyst takeaways from the release.
- KeyBanc Capital Markets analyst Alex Markgraff maintained an Overweight rating, while lifting the price target from $14 to $15.
- Piper Sandler analyst Patrick Moley reiterated a Neutral rating, while raising the price target from $11.50 to $12.50.
- JMP Securities analyst Devin Ryan reaffirmed a Market Outperform rating, while raising the price target from $23 to $25.
- Mizuho Securities analyst Dan Dolev maintained a Buy rating and price target of $15.
- Needham analyst John Todaro reiterated a Hold rating on the stock.
Check out other analyst stock ratings.
KeyBanc Capital Markets: Robinhood Markets reported its fourth-quarter revenues around 4% higher than Street expectations and an adjusted EBITDA beat of about 36% on better opex leverage, Markgraff said in a note. “Transaction revenue was led higher by crypto and options trading,” he added.
Although ...