Robinhood Stock Surges as Analysts Issue New Buy Ratings
Robinhood Markets' shares, which had fallen more than 40% year‑to‑date, rebounded sharply, climbing over 80% from their 52‑week low and trading around $115. The fintech posted first‑quarter revenue of $1.07 billion, up 15.1% year‑over‑year, with crypto transactions contributing less than 10% of total sales.
Analyst coverage expanded, with China Renaissance initiating a “buy” rating and other firms such as Sanford C. Bernstein, Argus, Goldman Sachs, Mizuho and Zacks issuing buy or outperform recommendations. The consensus rating is “moderate buy” with an average price target of $115. The company reported earnings per share of $0.38, slightly missing forecasts, a net margin of 41.12% and a return on equity of 21.39%. Market capitalization stands at about $103.6 billion.
Insider activity also featured a director’s purchase of 250,000 shares at $80.74 each, increasing his holding to roughly $317 million, while another insider sold 10,000 shares at $83.68 each.