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Robinhood Hits Record Highs After Fresh Analyst Upgrades

Investors look to the Nov. 5 earnings report for confirmation of the growth narrative.

Overview

  • Shares rose 3.95% to $144.64 on Thursday as the stock notched new all-time highs, according to Benzinga Pro.
  • BofA’s Craig Siegenthaler kept a Buy rating and raised his target to a Street-high $157, a day after Morgan Stanley held Equal-Weight and lifted its target to $146.
  • Robinhood scheduled third-quarter results for Nov. 5 with consensus at $0.48 in EPS and $1.17 billion in revenue, per Benzinga Pro.
  • Company metrics show assets under custody at record levels, supported by large net deposits, stronger equity activity, and surging crypto volumes.
  • CEO Vlad Tenev highlighted more than four billion event contracts traded, including about two billion in the third quarter, and said the company is exploring tokenization and overseas expansion.