Raymond James Reiterates Market Perform Rating on Robinhood Markets (HOOD)

Raymond James analyst Patrick O\'Shaughnessy reiterated a Market Perform rating on Robinhood Markets (NASDAQ: HOOD).

The analyst comments "We maintain our Market Perform rating on Robinhood as we update our model ahead of 1Q25 results. The company has enjoyed strong momentum in recent quarters, including remarkably impressive account and deposit growth and elevated trading volumes. However, we believe the company’s current valuation reflects this strength and to see upside, one needs to underwrite sustainably high transaction volumes and/or limited downside to short-term interest rates, assumptions we are not comfortable forecasting. As a result, we do not like the risk/reward at this time."

For an analyst ratings summary and ratings history on Robinhood Markets click here. For more ratings news on Robinhood Markets click here.

Shares of Robinhood Markets closed at $42.68 yesterday.

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