Robinhood Markets Stock Forecast & Predictions: 1Y Price Target $12.85 | Buy or Sell NASDAQ: HOOD 2023 (2024)

FAQs

What will Robinhood stock price be in 2023? ›

Stock Price Forecast

The 13 analysts offering 12-month price forecasts for Robinhood Markets Inc have a median target of 12.00, with a high estimate of 25.00 and a low estimate of 9.00. The median estimate represents a +6.38% increase from the last price of 11.28.

Robinhood Markets has a conensus rating of Hold which is based on 2 buy ratings, 5 hold ratings and 2 sell ratings. The average price target for Robinhood Markets is $12.33. This is based on 9 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

Robinhood Markets is forecasted to grow earnings and revenue by 107.6% and 13.4% per annum respectively. EPS is expected to grow by 106.6%. Return on equity is forecast to be -0.4% in 3 years.

The S&P 500 (. SPX) is up 15.9% in 2023 - a rebound that surprised many analysts after equities' brutal 2022 decline. The tech-heavy Nasdaq Composite (. IXIC) has gained 31.7%, its best first half in 40 years.

Stock Market Performance In 2023

U.S. stock market gains in the first half of 2023 have been rosier than some entire years in the past. This alone raises the risk for a spill in prices. The S&P 500's rise in 2023 reached almost 16% in mid-June.

It's not too late to buy Robinhood

Robinhood's stock might remain volatile and languish below its IPO price for the time being, but I don't think it's too late to take a chance on its long-term recovery.

Robinhood is not an optimal platform for the kind of long-term, buy-and-hold index investing strategy recommended by the majority of financial advisors and followed by most investors.

Robinhood Markets has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 3 buy ratings, 5 hold ratings, and 3 sell ratings.

The good news for Robinhood, though, is that despite the short-term concerns, the company still has a solid enough financial cushion to keep it afloat for the foreseeable future. Robinhood ended the second quarter with $6 billion on its balance sheet, down from $6.2 billion in March.

Is now a buy or sell? ›

Out of 25 analysts, 13 (52%) are recommending NOW as a Strong Buy, 11 (44%) are recommending NOW as a Buy, 1 (4%) are recommending NOW as a Hold, 0 (0%) are recommending NOW as a Sell, and 0 (0%) are recommending NOW as a Strong Sell.

According to our Robinhood Markets, Inc. stock prediction for 2025, HOOD stock will be priced at $ 4.72 in 2025. This forecast is based on the stock's average growth over the past 10 years.

A recent Morgan Stanley report predicts inflation will dip down to 2.4% by the end of 2023, the rate hikes will end and the economy will flatline but not shrink. Picking the right stocks for 2023 amid that uncertainty is challenging. For most investors, this is a time to be conservative.