Robinhood Markets (HOOD) PT Lowered to $155 at Citizens on Lower Transaction Activity

Citizens analyst Devin Ryan lowered the price target on Robinhood Markets (NASDAQ: HOOD) to $155.00 (from $180.00) while maintaining a Market Outperform rating.

The analyst commented, "We lower our 1Q26 Adjusted EBITDA estimates to $573.1M, 10% below consensus of $639.6M (62% of the Street has updated estimates), and lower our 1Q26 EPS estimate to $0.40, below consensus of $0.47. The revision reflects a combination of lower transaction activity (particularly in crypto) and net interest income headwinds, driven by muted securities lending amid quiet capital markets and reduced demand for short selling. We reduce our 2026 and 2027 Adjusted EBITDA estimates primarily based on more conservative trading engagement estimates."

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