Truist Securities Raises HOOD Price Target to $134
Truist Securities has reaffirmed its Buy rating on Robinhood Markets with a new price target of $134, a 35.33% upside from the current price.
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Truist Securities raised its price target on Robinhood Markets, Inc. ($HOOD) to $134 from $130 on October 13, 2026, and rates the stock "Buy".
Since the rating, $HOOD is down 10.5% to date (from the $110.52 close on Oct 13, 2026).
HOOD
Robinhood Markets, Inc.
Key Points
- On October 13, 2026, Truist Securities reiterated its Buy rating on Robinhood Markets, raising the price target from $130 to $134.
- Truist Securities's $134 price target implies 35.33% upside from Robinhood Markets, Inc.'s ($HOOD) current $99.02 share price.
- Robinhood shares are recently trading around $99.02, which is below the analyst's target and 34.2% off its 52-week high.
- The company has a revenue growth rate of 32.3% year-over-year, with a market cap of about $93.5 billion.
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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
Truist Securities has reiterated its Buy rating on Robinhood Markets, Inc. (HOOD) and raised its price target from $130 to $134 on October 13, 2026. This change reflects Truist's confidence in the company's growth potential despite current market conditions.
Truist's Call on Robinhood
Truist Securities maintains a Buy rating on Robinhood with a new target price of $134. The previous target was $130. This indicates a belief in the stock's upside potential even as it trades below the target level.
Other Institutional Activity in Robinhood
Several other institutional investors have also been active in Robinhood. Blackrock Inc. grew its holdings by 4,327,914 shares, bringing its total to about 67.8 million shares worth approximately $6.7 billion. Vanguard Capital Management LLC added 328,493 shares, ending with about 51.7 million shares valued at roughly $5.1 billion. State Street Corporation increased its stake by 1,298,207 shares, totaling about 34.7 million shares worth around $3.4 billion.
Robinhood Markets, Inc. Stock Down 2.0%
Robinhood shares are currently trading around $99.02 as of October 16, 2026. This price is about 8.5% below its 50-day moving average of $108.24 and 34.2% below its 52-week high of $150.47. The stock is, however, 55.9% above its 52-week low of $63.52. This positioning indicates a challenging environment for the stock, as it trades significantly below analyst expectations.
$HOOD price target
Robinhood Markets, Inc. daily closes and this analyst's $134 target. Not advice.
Recent Earnings
Robinhood reported trailing twelve-month revenue of approximately $4.93 billion, with a net margin of 42.0% and a return on equity of 23.6%. The company is set to release its next earnings report on October 27, 2026, which will provide further insights into its financial health.
Insider Buying and Selling at Robinhood Markets, Inc.
Recently, CEO Vladimir Tenev sold 259,166 shares on September 21, 2026, valued at about $32.5 million. He also sold 240,834 shares on September 22, 2026, worth approximately $30.2 million, and 375,000 shares on October 5, 2026, valued at around $42.6 million. Another insider, Daniel Martin Gallagher Jr., sold 10,000 shares on the same day, valued at about $1.1 million. These transactions occurred before the recent Truist rating update.
Analysts Set New Price Targets
On October 5, 2026, B of A Securities maintained a Buy rating and raised its target to $156 from $140. Barclays followed suit on October 7, maintaining an Overweight rating and increasing its target to $132 from $105. Morgan Stanley also maintained an Overweight rating, lifting its target to $160 from $150 on October 9. Truist's recent target is below the consensus mean price target of $134.38, reflecting a cautious outlook among analysts.
About Robinhood Markets
Robinhood Markets, Inc. operates a financial services platform in the U.S., allowing users to invest in stocks, ETFs, and other securities. The company has gained attention for its commission-free trading and innovative features like fractional shares and round-the-clock trading.
Bottom Line
Investors should keep an eye on Robinhood's upcoming earnings report on October 27, 2026, to gauge how it is navigating the current market landscape. Truist's reiteration of its Buy rating indicates confidence in the company's long-term prospects despite the recent stock price challenges.
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Source: Truist Securities's rating change on $HOOD (Oct 13, 2026). Written by software, not financial advice. How we make alerts