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 · beincrypto.com ↗ This content is automatically aggregated. Full credit goes to the original publisher (beincrypto.com). Related Democratic lawmakers open investigation into Iranian drone strike that killed six US service members News14 minutes ago Situational Awareness holds $5B stake in Anthropic, signaling where smart money is actually flowing News15 minutes ago CLARITY Act wins police backing as odds fall to 30% News16 minutes ago Ondo Finance weighs acquisition worth up to $500 million News16 minutes ago