Assessing Robinhood Markets: Insights From 16 Financial Analysts
Portfolio Pulse from Benzinga Insights
16 financial analysts have provided a range of opinions on Robinhood Markets (NASDAQ:HOOD) over the past quarter, with ratings spanning from bullish to bearish. The average 12-month price target has increased by 9.37% to $23.12. Analysts have recently adjusted their ratings and price targets, reflecting their views on the company's performance and market conditions. Robinhood Markets has shown significant revenue growth and strong profitability, but faces challenges in asset utilization.
August 05, 2024 | 1:00 pm
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Analysts have mixed views on Robinhood Markets, with a range of ratings from bullish to bearish. The average 12-month price target has increased by 9.37% to $23.12. The company has shown strong revenue growth and profitability, but faces challenges in asset utilization.
The increase in the average 12-month price target and the strong revenue growth and profitability are positive indicators for Robinhood Markets. However, the mixed analyst ratings and challenges in asset utilization suggest some caution. Overall, the short-term impact is likely to be positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100