Fintel reports that on November 25, 2024, Morgan Stanley upgraded their outlook for Robinhood Markets (NasdaqGS:HOOD) from Equal-Weight to Overweight.
Analyst Price Forecast Suggests 15.53% Downside
As of November 21, 2024, the average one-year price target for Robinhood Markets is $30.96/share. The forecasts range from a low of $20.20 to a high of $53.55. The average price target represents a decrease of 15.53% from its latest reported closing price of $36.65 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Robinhood Markets is 2,188MM, a decrease of 9.14%. The projected annual non-GAAP EPS is -0.24.
What is the Fund Sentiment?
There are 842 funds or institutions reporting positions in Robinhood Markets. This is an increase of 91 owner(s) or 12.12% in the last quarter. Average portfolio weight of all funds dedicated to HOOD is 0.73%, an increase of 14.07%. Total shares owned by institutions increased in the last three months by 0.70% to 639,611K shares. 
The put/call ratio of HOOD is 0.46, indicating a bullish outlook.
What are Other Shareholders Doing?
BlackRock holds 36,214K shares representing 4.74% ownership of the company.
Ribbit Management Company holds 36,212K shares representing 4.74% ownership of the company. In its prior filing, the firm reported owning 36,207K shares , representing an increase of 0.01%. The firm increased its portfolio allocation in HOOD by 2.26% over the last quarter.
Index Venture Associates VI holds 28,936K shares representing 3.79% ownership of the company. In its prior filing, the firm reported owning 36,170K shares , representing a decrease of 25.00%. The firm increased its portfolio allocation in HOOD by 0.06% over the last quarter.
Galileo holds 26,972K shares representing 3.53% ownership of the company. In its prior filing, the firm reported owning 28,178K shares , representing a decrease of 4.47%. The firm increased its portfolio allocation in HOOD by 54.90% over the last quarter.
Newlands Management Operations holds 23,885K shares representing 3.13% ownership of the company. In its prior filing, the firm reported owning 21,055K shares , representing an increase of 11.85%. The firm increased its portfolio allocation in HOOD by 2.66% over the last quarter.
Robinhood Markets Background Information
(This description is provided by the company.)
Robinhood Markets, Inc. is an American financial services company headquartered in Menlo Park, California, that facilitates commission-free trades of stocks, exchange-traded funds and cryptocurrencies via a mobile app introduced in March 2015.
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