Robinhood Analysts Raise Targets to $132-$160 as HOOD Contract Lags

Three analysts raised their Robinhood Markets (HOOD) price targets between Oct. 5 and Oct. 9, setting a range of $132 to $160 as a separate HOODUSDT perpetual contract traded below several technical averages.

Robinhood shares closed at $109.02 on Oct. 9. Bank of America Securities analyst Craig Siegenthaler raised his target to $156 from $140 on Oct. 5 while maintaining a Buy rating. Barclays analyst Benjamin Budish lifted his target to $132 from $105 on Oct. 7 and kept an Overweight rating.

Morgan Stanley analyst Michael Cyprys raised his target to $160 from $150 on Oct. 9 and maintained an Overweight rating. The targets do not share a common time horizon.

At 6 a.m. ET (10:00 UTC) Oct. 10, the Binance HOODUSDT perpetual contract was quoted at $109.34, up 0.29% over 24 hours. The contract’s session range was $106.89 to $110.03, with about $21.5 million in daily volume.

The contract traded below its seven-period simple moving average of $110.97, 12-period exponential moving average of $111.94, 26-period exponential moving average of $113.28, 50-period simple moving average of $113.81 and 20-period simple moving average of $115.46.

The analyst targets apply to Robinhood’s Nasdaq-listed equity and should not be treated as equivalent targets for the perpetual contract. The Binance product is linked to Robinhood’s stock price, is cash-settled in USDT and trades 24 hours a day, seven days a week. Binance listed HOODUSDT on Feb. 2 with leverage of up to 10x.

The contract’s latest reading follows earlier coverage of conflicting HOODUSDT price and open-interest readings. The differing observations were recorded at separate times, and the available figures do not establish whether the gap reflected observation timing, contract definitions or data revisions.

Robinhood reported $1.31 billion in second-quarter revenue, diluted earnings per share of $0.62, net deposits of $22 billion and 4.8 million Robinhood Gold subscribers.

The company is scheduled to release third-quarter results after the market closes Oct. 27, followed by an earnings call at 5 p.m. ET.