Robinhood Markets downgraded by Citigroup with a new price target
$HOOD
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Citigroup downgraded Robinhood Markets from Neutral to Sell and set a new price target of $16.00 from $13.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/18/2024 | $40.00 | Hold → Buy | Needham |
| 9/6/2024 | $18.00 → $20.00 | Underweight → Equal Weight | Barclays |
| 8/15/2024 | $21.00 → $24.00 | Hold → Buy | Deutsche Bank |
| 8/12/2024 | $20.00 → $23.00 | Neutral → Overweight | Piper Sandler |
| 8/5/2024 | $18.00 | Sell → Neutral | Citigroup |
| 6/26/2024 | $29.00 | Peer Perform → Outperform | Wolfe Research |
| 5/17/2024 | $14.00 → $24.00 | Underperform → Buy | BofA Securities |
| 4/11/2024 | $13.00 → $16.00 | Neutral → Sell | Citigroup |
MENLO PARK, Calif., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. ("Robinhood") (NASDAQ:HOOD) today reported select monthly operating data for October 2024: Funded Customers at the end of October were 24.4 million (up approximately 90 thousand from September 2024, up over one million year-over-year).Assets Under Custody (AUC) at the end of October were $159.7 billion (up 5% from September 2024, up 89% year-over-year). Net Deposits were $5.2 billion in October, translating to a 41% annualized growth rate relative to September 2024 AUC. Over the last twelve months, Net Deposits were $43.2 billion, translating to an annual growth rate of 51% relative to October 2023 AUC.Equity No
MENLO PARK, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- November 7, 2024 (GLOBE NEWSWIRE) – Robinhood Markets, Inc. ("Robinhood") (NASDAQ:HOOD) today announced that it will be participating in the upcoming Wolfe Research Wealth Symposium on Wednesday, November 13, 2024. Robinhood Chief Financial Officer Jason Warnick is scheduled to present on Wednesday, November 13, 2024, at 11:45 AM ET / 8:45 AM PT. Interested parties may access a live audio webcast of the presentation by visiting investors.robinhood.com. Following the presentation, a recording will be available for replay for at least 90 days on the same website. About Robinhood Robinhood Markets, Inc. (NASDAQ:HOOD) transformed financi
Invite-Only Phase Now Open to Qualifying Participants SINGAPORE, Nov. 4, 2024 /PRNewswire/ -- Today, leaders in fintech and digital assets introduced Global Dollar Network, an open network designed to accelerate stablecoin usage worldwide. The initial partners of Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos and Robinhood are uniting resources and expertise to increase stablecoin adoption and expand real world use cases. Starting today, additional leaders across various sectors, including custodians, exchanges, payment fintechs, merchants, protocols, card networks, banks and investment platforms can join the Global Dollar Network to support innovation in global money movem
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Needham upgraded Robinhood Markets from Hold to Buy and set a new price target of $40.00
Barclays upgraded Robinhood Markets from Underweight to Equal Weight and set a new price target of $20.00 from $18.00 previously
Deutsche Bank upgraded Robinhood Markets from Hold to Buy and set a new price target of $24.00 from $21.00 previously
Second highest Revenues on record, up 36% year-over-year to $637 millionGAAP Diluted EPS of $0.17, up $0.26 year-over-yearYear-to-date Net Deposits of $34 billion, Revenues of $1.94 billion, and GAAP Diluted EPS of $0.55 have all exceeded prior full year records MENLO PARK, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. ("Robinhood") (NASDAQ:HOOD) today announced financial results for the third quarter of 2024, which ended September 30, 2024. "I'm really proud of our Q3 results and how smoothly our product engine is humming," said Vlad Tenev, CEO and Co-Founder of Robinhood. "In the past month, we introduced Robinhood Leg
MENLO PARK, Calif., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Today, Robinhood Markets, Inc. ("Robinhood") (NASDAQ:HOOD) announced that it will release its third quarter 2024 financial results on Wednesday, October 30, 2024, after market close. An earnings conference call will be held at 2:00 PM PT / 5:00 PM ET on the same day. A live webcast of the call and supporting materials will be available at investors.robinhood.com. Following the call, a replay and transcript will also be available on the same website. Robinhood shareholders can submit and upvote questions for management using the Q&A platform developed by Say Technologies ahead of the call. Shareholders can visit app.saytechnologies.com
Record Revenues of $682 million, up 40% year-over-year Record GAAP Diluted EPS of $0.21, up $0.18 year-over-year Record Net Deposits of $13.2 billion, an annualized growth rate of 41% MENLO PARK, Calif., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. ("Robinhood") (NASDAQ:HOOD) today announced financial results for the second quarter of 2024, which ended June 30, 2024. "This quarter, we kept up the pace with rapid product launches and a relentless drive to provide top value for our customers," said Vlad Tenev, CEO and Co-Founder of Robinhood. "With Robinhood Gold reaching 2 million subscribers, we're witnessing the flywheel accelerate." "I'm encouraged by the progress we're
https://newsroom.aboutrobinhood.com/introducing-joint-investing-accounts/
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SAN FRANCISCO, Oct. 4, 2023 /PRNewswire/ -- Woodruff Sawyer, one of the largest independent insurance brokerages in the US, today announced Walker Newell has joined the firm as Vice President, Regulation and Securities Litigation Attorney for the Management Liability practice. With more than a decade of experience leading high-stakes litigation and investigations as a lawyer in defense, regulatory enforcement, and in-house roles, Walker brings Woodruff Sawyer clients a nuanced and business-focused perspective on corporate and individual liability. Walker previously served as S
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