Rosenblatt starts coverage of Robinhood with Buy and $135 target

what happened

Shares of Robinhood Markets (HOOD) gained 1.5% in overnight trading on Tuesday, as investors looked ahead to the company's third-quarter report due next week. According to Stocktwits, analyst Rosenblatt opened coverage with a Buy recommendation and a $135 target, a level that implies more than 37% upside from the last close.

The analyst argued that the market still underestimates how far the company has evolved. Robinhood began as a commission-free trading app and has since become a full financial platform. Its core brokerage keeps gaining share even at massive scale, and the Pattern Day Trading reform removes a key constraint for its most active customers.

Separately, JPMorgan raised its target to $115 from $103 and kept a Neutral rating. Stocktwits also noted that retail sentiment on the stock moved from neutral to bullish over 24 hours. HOOD is down more than 13% so far in 2026.

why it matters

Robinhood is often watched as a gauge of retail trading activity, so its earnings and analyst views matter across brokerage and fintech names. Data cited by Stocktwits show equity notional volume of about $267 billion through September 24 and roughly 234 million options contracts, indicating how active its user base remains ahead of the October 27 earnings release.

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