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Truist Securities lowered its price target for Robinhood Markets (NASDAQ:HOOD) to $130.00 from $155.00 and kept a Buy rating on the shares. The move comes as cryptocurrency prices have pulled back, pressuring Robinhood stock and triggering a rapid decline in the short term.
Market context and price action
Robinhood’s shares were trading at roughly $83.30 at the time of the note, leaving material upside relative to analyst targets. Consensus analyst targets span a wide range, with InvestingPro data listing price objectives from $90 to $180. The stock has been volatile this week, sinking 26.94% over the past seven days according to InvestingPro, a drop that the firm says has pushed the security into oversold territory based on its relative strength index reading.
Why Truist adjusted the target
The brokerage identified the recent downturn in cryptocurrency markets as the primary driver for the cut in its target. Crypto-related revenue and customer activity have a direct link to Robinhood’s trading volumes in that segment, and the pullback in digital-asset prices has weighed on expectations tied to that business.
Truist’s view on fundamentals
Even after trimming the target, Truist argued the market reaction to the crypto correction may be overdone. Using consensus estimates, the research team noted that crypto accounts for approximately 19% of Robinhood’s revenue and 12% of its growth for the year. The brokerage also highlighted Robinhood’s recent operating momentum, pointing to a 74.58% increase in revenue over the last twelve months.
Truist presented a scenario to underline its position: the firm believes Robinhood could still manage near-term positive results absent crypto revenue, projecting roughly 7% revenue growth and nearly $2.00 in earnings per share for the year even if crypto-derived revenue were removed entirely. In addition, Truist flagged that retail trading activity outside of cryptocurrencies appears healthy in the near term, which supports its continued favorable stance on the company.
Other analyst perspectives
Several research firms have reiterated constructive ratings on Robinhood recently. In one note, Truist Securities maintained its Buy rating with a price target of $155, despite a recent 10% drop in the stock. Bernstein reiterated an Outperform rating and a $160 price target, noting a 21% year-to-date decline and a 41% fall from the share price peak. Mizuho reaffirmed an Outperform rating with a $172 target and pointed to Robinhood UK’s launch of a stocks and shares ISA, which the firm said offers zero platform fees, no commissions, and a 2% cash bonus on new eligible contributions made before April 5, 2026. Piper Sandler continued to back the name with an Overweight rating and a $155 target, while also observing a 35% decline from the stock’s all-time high.
Analyst consensus and stock outlook
The array of price targets and reiterated positive ratings indicate that, despite the recent pullback and volatility tied to the cryptocurrency market, multiple brokerages remain confident in Robinhood’s medium-term prospects. The analysts point to durable revenue growth and resilient retail trading outside the crypto segment as supports for their bullish stances.
What remains uncertain
While analysts are leaning constructive, the sharp moves tied to crypto price swings and the stock’s technical oversold reading underscore the potential for continued short-term volatility. Market participants will be watching both digital-asset price action and non-crypto retail trading activity for indications of whether revenue and earnings trajectories will track analyst assumptions.
This article summarizes recent analyst actions and market data related to Robinhood Markets based on the information provided by the referenced research notes and InvestingPro metrics.