Mizuho Securities Stick to Their Buy Rating for Robinhood Markets
Investing.com
Published Oct 05, 2021 04:15AM ET
Mizuho Securities analyst Dan Dolev maintained a Buy rating on Robinhood Markets on Tuesday, setting a price target of $68, which is approximately 66.14% above the present share price of $40.93.
Dolev expects Robinhood Markets to post earnings per share (EPS) of -$0.60 for the fourth quarter of 2021.
The current consensus among 13 TipRanks analysts is for a Moderate Buy rating of shares in Robinhood Markets, with an average price target of $53.
The analysts price targets range from a high of $68 to a low of $35.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $565.33 million and a net profit of $85.49 million. The company's market cap is $35.01 billion.
According to TipRanks.com, Mizuho Securities analyst Dan Dolev is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 9.8% and a 56.86% success rate.
Robinhood Markets Inc (NASDAQ:HOOD) is creating a modern financial services platform. It designs its own products and services and delivers them through a single, app-based cloud platform supported by proprietary technology. Its vertically integrated platform has enabled the introduction of new products and services such as cryptocurrency trading, dividend reinvestment, fractional shares, recurring investments, and IPO Access. It earns transaction-based revenues from routing user orders for options, equities, and cryptocurrencies to market makers when a routed order is executed.
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Written By: Investing.com
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