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HOOD Price Prediction: Five of Six Analysts Trim Targets as October Activity Fades Below Q3 Levels

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HOOD Price Prediction: Five of Six Analysts Trim Targets as October Activity Fades Below Q3 Levels

Five of the six sell-side analysts covering Robinhood Markets (NASDAQ: HOOD) reduced their price targets on October 28, 2026, with all six preserving constructive ratings; the Binance-listed tokeni...

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On October 28, 2026, five of the six analyst desks covering Robinhood Markets reduced their price targets. The sixth — Chris Brendler at Rosenblatt Securities — held his $135 Buy rating and target unchanged, the sole exception in an otherwise broad-based recalibration. That no desk downgraded its rating is notable: the moves describe a compression of near-term upside assumptions, not a structural reassessment of the underlying thesis.

Goldman Sachs cut from $145 to $128 at Buy. KeyBanc Capital Markets' Alex Markgraff trimmed from $140 to $135 at Overweight. Scotiabank's Lance Jessurun moved from $136 to $124 at Sector Outperform, citing record revenue alongside lower GAAP earnings attributed to unrealized investment losses. Needham's John Todaro reduced from $126 to $116 at Buy, noting that while adjusted EBITDA exceeded consensus, October trading activity is trending significantly below the third-quarter average — the sharpest forward-looking concern in the batch and the clearest explanation for the scale of cuts across the group. Wells Fargo's revision was the most conservative, lowering from $120 to $100 at Equal Weight.

The resulting target range runs from $100 at Wells Fargo to $135 at KeyBanc and Rosenblatt, with the three outright Buy-rated desks — Goldman, Needham, and Rosenblatt — spanning $116 to $135.


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