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Robinhood Slips in November Even After Q3 Beat and Fresh Analyst Target Hikes

The stock trades near $116, reflecting a pullback despite post‑earnings optimism fueled by record growth metrics.

Overview

  • Shares closed down 10.73% at $115.97 on Monday, extending losses of more than 10% over the past month.
  • On Nov. 5, Robinhood reported Q3 EPS of $0.61 on $1.27 billion in revenue, beating consensus on both metrics.
  • The company highlighted ~100% year‑over‑year revenue growth, record equity and options volumes, total platform assets of about $333 billion, and $20.4 billion in new deposits.
  • Mizuho, Cantor Fitzgerald, Barclays, and Keefe, Bruyette & Woods raised price targets following the report, with a current consensus near $123 and a range of $47 to $180.
  • Technical gauges show support near $112.42 and resistance around $123.44, with the stock about 14% below its 50‑day moving average, an RSI near 42, a market cap around $110 billion, and year‑to‑date gains near 189%.