Goldman, Barclays, Jefferies Cut Robinhood Targets Despite Earnings Beat
Goldman Sachs, Barclays, and Jefferies cut their Robinhood Markets (HOOD) price targets on Thursday, one evening after the Nasdaq-listed brokerage beat second-quarter revenue and profit estimates. Goldman and Jefferies had each raised their targets to $137 earlier in July.
All three firms kept bullish ratings. Their reversal is about timing, not execution. Analysts now expect Robinhood's existing trading business, rather than its newer products, to carry growth into 2027.
Why Did Analysts Cut Robinhood Price Targets After an Earnings Beat?
Goldman Sachs moved to $118. Jefferies went to $127. Barclays cut deepest, to $105.
| Firm | New target | Prior | Rating | Change |
|---|---|---|---|---|
| Barclays | $105 | $122 | Overweight | -14% |
| Goldman Sachs | $118 | $137 | Buy | -14% |
| Needham | $120 | Read from Source ยท beincrypto.com ↗
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