Goldman Sachs, Barclays, and Jefferies Lower Price Targets for Robinhood Following Q2 Results
Despite beating second-quarter revenue and profit estimates, Robinhood Markets (HOOD) saw several major Wall Street firms cut their price targets. Goldman Sachs, Barclays, and Jefferies all reduced their outlooks within a month of previous increases in July 2026. The move reflects analysts' shifting expectations that the company's core trading business will drive growth rather than its newer product lines. Robinhood reported record revenue of $1.31 billion for Q2, with diluted earnings per share rising to $0.62 and adjusted EBITDA reaching $741 million. However, crypto-related revenues declined by 38% year-over-year despite beating consensus estimates. Analysts noted that one-time gains contributed roughly $0.14 of the EPS figure. The stock opened nearly 2% lower on July 30 and traded at around $88.06—well below its October 2025 peak. While some firms like Piper Sandler and BTIG maintained or even raised their targets, others such as Barclays cut theirs by over 14%. The broader market reaction highlights ongoing skepticism about Robinhood's long-term growth potential from newer ventures.
Topics: brokerage ratings earnings beat price targets Robinhood