Robinhood shares surged on Thursday after the financial services platform’s latest quarterly results exceeded earnings estimates. The company reported $916 million in earnings and $1.01 billion in revenue for the fourth quarter, surpassing analyst expectations by a wide margin. This marked the first time Robinhood’s quarterly revenue topped $1 billion, according to CEO Vlad Tenev.
The strong performance was attributed to double-digit revenue growth expected for 2025, with Chief Financial Officer Jason Warnick stating that the company is well-positioned for continued expansion. Analysts reacted positively to the results, raising their price targets and maintaining buy ratings on the stock.
Morgan Stanley increased its price target to $90 from $64, citing significant earnings beats and a clear product roadmap. Barclays also raised its target to $76 from $54, noting strong transacting activity and momentum in new products. Bernstein doubled its target to $105 from $51, attributing the company’s success to its global financial ecosystem across asset-classes.
Deutsche Bank reiterated its buy rating on Robinhood, citing favorable comments from management regarding growth traction and solid expense discipline. Goldman Sachs increased its price target to $62 from $54, with a buy rating on the stock. The stock gained more than 10% on Thursday, demonstrating investors’ confidence in Robinhood’s future prospects.
Source: https://www.cnbc.com/2025/02/13/robinhood-is-jumping-after-earnings-heres-what-analysts-had-to-say.html