Citizens has reaffirmed its Market Outperform rating on Robinhood Markets Inc., keeping a $180.00 price target after the brokerage reported fourth-quarter 2025 results. The price objective implies substantial upside from the then-current share price of $85.60, though separate InvestingPro analysis flagged the stock as potentially overvalued at present levels.
Robinhood reported quarterly earnings per share of $0.66 on Monday, a figure that modestly exceeded Citizens’ internal projection of $0.65 and the broader consensus estimate of $0.64. The firm also remains profitable on a trailing-twelve-month basis, with diluted earnings per share of $2.39.
On the top line, revenue underperformed Citizens’ model, coming in 5.5% below the firm’s forecast. That revenue shortfall was partially offset by expense outcomes, which ran about 1.8% below expectations. Citizens analyst Devin Ryan noted that a lower tax rate contributed roughly $0.06 to the quarter’s earnings beat.
Despite the revenue miss, Citizens maintained a constructive stance on Robinhood. The analyst cited what were described as better-than-expected expense results, a broadening mix of business contributions, and a comprehensive roadmap that Citizens believes should support robust growth in 2026.
Market reactions from other broker-dealers were mixed in the wake of the release. Piper Sandler reduced its price target to $135 from $155 while retaining an Overweight rating. Compass Point lowered its target to $127 from $170, pointing to a roughly 9% EBITDA shortfall tied to weaker securities lending revenue and lower take rates in cryptocurrency and options trading. Needham also trimmed its target, moving to $100 from $135, even as it characterized the results as strong and broadly in line with expectations.
The company itself reported record revenue and an earnings-per-share outcome that exceeded the firm-projected figure. Reported EPS for the quarter matched the $0.66 figure cited above and topped a separate projected $0.60 figure, a 10% upside versus that projection. Total revenue for the period reached $1.28 billion, below the $1.34 billion some had anticipated.
One operational highlight called out by analysts was the performance of Robinhood’s prediction markets, which registered a January volume peak of 3.5 billion contracts. That unit was singled out as a standout performer amid the broader set of results.
Overall, the consensus among the named analysts reflects a mixed reception: a combination of encouraging profit metrics and expense management coupled with top-line pressures and business-line headwinds that have led multiple firms to pare their price targets.