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Robinhood Markets Inc. (NASDAQ:HOOD) just got a significant vote of confidence from Wolfe Research analyst Steven Chubak, who upgraded the stock from Peer Perform to Outperform, citing strong growth prospects and a durable earnings trajectory. The upgrade follows an insightful meeting with CFO Jason Warnick, which bolstered Chubak’s bullish stance on the stock.
Key Takeaways From The Robinhood Stock Upgrade
- New Rating and Target: Chubak’s new price target for Robinhood stock is $29, implying a 31% upside from its current price. His base case suggests a +30% GAAP EPS growth, driven by 20%+ net deposit growth and robust account growth.
- EPS Growth: Wolfe Research forecasts HOOD’s 2026 GAAP EPS to be about 70% above consensus estimates, suggesting significant undervaluation by the market.
- Operating Leverage: With a 90% fixed expense base and 75% incremental margins, HOOD is positioned to capitalize …
Full story available on Benzinga.com
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