Needham Rates Robinhood Markets (HOOD) buy, $97 Price Target

Needham keeps its buy rating on Robinhood with a $97 price target amid healthy trading activity, a 1.14% downside from the current price.

By EarningsIQ Research Desk · Published Jun 12, 2026, 9:14 PM EDT · Updated Jun 16, 2026, 9:02 AM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

Needham rated Robinhood Markets, Inc. ($HOOD) "buy" with a $97 price target on June 11, 2026.

Since the rating, $HOOD is up 17.3% after 1 week, up 19.1% after 1 month and up 7.2% to date (from the $92.23 close on Jun 11, 2026).

HOOD Robinhood Markets, Inc.

$98.87 -14.18% year to date

Daily close · Oct 16, 2026

Key Points

Needham reiterated its buy rating on Robinhood Markets, Inc. with a target of $97 as of June 11, 2026, while the stock is currently trading at $98.12.
Needham's $97 price target implies 1.14% downside from Robinhood Markets, Inc.'s ($HOOD) current $98.12 share price.
Robinhood's revenue reached approximately $4.93 billion with a net margin of 42% for the past year, showing strong financial performance.
Analysts have a consensus buy rating for Robinhood, with an average price target of about $134.38 across 29 opinions.

Get $HOOD trade alerts by text

We text you when insiders, Congress or big funds trade $HOOD. Free.

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

Needham Reiterates Buy Rating on Robinhood

Needham reiterated its buy rating on Robinhood Markets, Inc. (HOOD) with a price target of $97 as of June 11, 2026. The stock is currently trading at $98.12, reflecting a steady interest in the company's services.

This rating suggests confidence in Robinhood's business model, which includes a financial services platform that allows users to invest in various financial products like stocks and ETFs. The recent performance of the company supports this view, with revenue totaling about $4.93 billion in the last year and a notable net margin of 42%.

Analysts Set New Price Targets

While Needham provides a strong endorsement, other analysts have also weighed in on Robinhood. On October 14, 2026, Wells Fargo maintained an Equal-Weight rating with a target price of $120, down from $125. Truist Securities upheld its Buy rating on October 13, 2026, raising its target to $134 from $130. Evercore ISI Group initiated coverage with an Outperform rating and a $130 target on October 12, 2026. Morgan Stanley, which reiterated an Overweight rating on September 30, 2026, raised its target to $160 from $150. Barclays also maintained an Overweight rating with a new target of $132 on October 7, 2026, up from $105.

How Robinhood Markets, Inc. Stock Has Traded

The shares of Robinhood are currently trading at $98.12, which is slightly above its 50-day moving average of $108.24. This positioning suggests that the stock may be consolidating after previous fluctuations. Investors are paying close attention to how the stock performs relative to its 52-week range, which stretches from a low of $63.52 to a high of $150.47.

12-month forecast

$HOOD price target

Robinhood Markets, Inc. daily closes and this analyst's $97 target. Not advice.

Recent Earnings

For its last fiscal year, Robinhood reported revenue of approximately $4.93 billion, reflecting a revenue growth rate of 32.3%. The company's return on equity (ROE) stood at 23.6%, indicating efficient management of equity capital. The next earnings report is expected on October 27, 2026, which will provide further insights into the company's ongoing performance.

What Robinhood Markets, Inc. Does

Robinhood Markets, Inc. operates a financial services platform that simplifies investing for users, allowing them to trade stocks, ETFs, and cryptocurrencies. The company aims to make investing accessible for everyone, especially younger generations, through its user-friendly interface and educational resources.

What's Next for Robinhood

Looking ahead, investors should watch for the upcoming earnings report on October 27, 2026, as it may offer more clarity about the company's future direction and performance. Additionally, the recent analyst ratings provide a mixed perspective that could affect market sentiment. Keep in mind that Needham's reiterated buy rating reflects only the situation as of June 11, 2026, and the market may experience changes leading up to the next reporting date.