Evercore ISI Group Rates Robinhood Markets (HOOD) Outperform

Evercore ISI Group has reiterated its Outperform rating on Robinhood with a price target of $130, a 31.29% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:02 PM EDT

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Evercore ISI Group rated Robinhood Markets, Inc. ($HOOD) "Outperform" with a $130 price target on October 12, 2026.

Since the rating, $HOOD is down 9.5% to date (from the $109.22 close on Oct 12, 2026).

HOOD Robinhood Markets, Inc.

$98.87 -14.18% year to date

Daily close · Oct 16, 2026

Key Points

On October 12, 2026, Evercore ISI Group reiterated its Outperform rating for Robinhood Markets, Inc. (HOOD) with a price target of $130.
Evercore ISI Group's $130 price target implies 31.29% upside from Robinhood Markets, Inc.'s ($HOOD) current $99.02 share price.
Currently, Robinhood shares are trading at $99.02, which is about 23.8% below the analyst's target.
Robinhood has a market capitalization of approximately $93.5 billion and shows strong revenue growth of 32.3% year-over-year.

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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Robinhood Markets, Inc. alert may contain errors. Disclosures

Evercore ISI Group has reiterated its Outperform rating on Robinhood Markets, Inc. (NasdaqGS: HOOD) on October 12, 2026. The firm set a price target of $130 for the stock, which will be watched closely as the shares currently trade at $99.02 as of October 16, 2026.

Other Institutional Activity in Robinhood

Several other institutional investors have also shown interest in Robinhood. Blackrock Inc. holds 67,787,066 shares worth about $6.7 billion, having increased its position by 4,327,914 shares. Vanguard Capital Management LLC owns 51,655,498 shares valued at approximately $5.1 billion, with a slight increase of 328,493 shares. State Street Corporation has 34,671,148 shares worth about $3.4 billion, up by 1,298,207 shares.

Robinhood Markets, Inc. Stock Down 2.0%

Robinhood shares are trading below their 50-day moving average of about $108.24, which indicates a decline of about 8.5%. However, the stock is above its 200-day moving average of approximately $93.91, showing a gain of about 5.4%. The shares are also trading about 34.2% below their 52-week high of $150.47.

12-month forecast

$HOOD price target

Robinhood Markets, Inc. daily closes and this analyst's $130 target. Not advice.

Recent Earnings

In its latest earnings report, Robinhood reported trailing twelve-month revenue of approximately $4.93 billion and earnings per share of $2.27. The next earnings report is scheduled for October 27, 2026.

Insider Buying and Selling at Robinhood Markets, Inc.

Insider activity has been notable, particularly from CEO Vladimir Tenev, who sold 259,166 shares worth about $32.5 million on September 21, 2026, followed by another sale of 240,834 shares valued at approximately $30.2 million the next day. On October 5, he sold 375,000 shares for around $42.6 million. Additionally, Officer Daniel Martin Gallagher Jr. sold 10,000 shares worth about $1.14 million on the same day.

Analysts Set New Price Targets

On October 2, 2026, Wells Fargo initiated coverage on Robinhood with an Equal-Weight rating and a target price of $125. B of A Securities maintained a Buy rating with an increased target of $156 on October 5, while Barclays also maintained an Overweight rating and raised its target to $132 on October 7. Morgan Stanley kept its Overweight rating, raising the target to $160 on October 9, prior to Evercore's reiteration.

About Robinhood Markets

Robinhood Markets, Inc. is a financial services platform based in Menlo Park, CA. It allows users to invest in stocks, ETFs, and other financial products with features like fractional trading and instant withdrawals. The company's focus on accessibility has made it a popular choice among retail investors.

Bottom Line

Investors will be watching Robinhood closely as it approaches its next earnings date on October 27, 2026. The stock's current price is significantly below the recent analyst targets, which could indicate potential for movement in the coming weeks.