Three of seven sell-side analysts trimmed their price targets for Robinhood Markets on October 28, all citing softer October trading trends, yet every analyst in the group held a bullish rating on ...

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The seven analyst reports published on October 28, 2026 — sourced from Benzinga and MarketBeat — share a common thread: positive long-term conviction paired with a near-term reset. Three analysts cut targets, four held theirs, and none downgraded.

John Todaro at Needham & Company trimmed his target from $126 to $116 while keeping his Buy rating. His note, reported by Benzinga, flagged that October trading activity was trending "significantly below" the third-quarter average, even as adjusted EBITDA came in ahead of consensus. Alex Markgraff at KeyBanc Capital Markets also cut, reducing his Overweight target from $140 to $135. He characterised the results as mixed: healthy volumes were offset by lower monetization attributed to product mix. Lance Jessurun at Scotiabank lowered his Sector Outperform target from $136 to $124 without providing detailed commentary beyond the revision itself.

The four analysts who held their targets steady anchor the more constructive end of the range. Devin Ryan at Citizens JMP Securities retained the group's highest target at $165 under a Market Outperform rating, per MarketBeat. Ramsey El-Assal at Cantor Fitzgerald reiterated Overweight with a $150 target. Chris Brendler at Rosenblatt Securities and Andrew Harte at BTIG both maintained Buy ratings and $135 targets, per Benzinga.

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