Needham Lifts Robinhood (HOOD) Target to $145 from $120, Keeps Buy

Robinhood Markets, Inc. (NASDAQ:HOOD) is one of the best stocks to buy according to Jim Simons’ Renaissance Technologies. On September 30, Needham raised its price target on Robinhood Markets, Inc. (NASDAQ:HOOD) to $145 from $120 and maintained a Buy rating on the stock. The analysts cited Robinhood’s September month-to-date metrics, which showed “solid growth across the platform.” The firm increased estimates across nearly every segment for Q3 2025.

Needham described Robinhood as the financial services platform that is furthest along in becoming a ‘one-stop shop’ for users. As such, the firm raised its 2025 and 2026 forecasts for equities and options volumes, as well as take rates. Prediction Markets revenue was modestly lowered for Q3 2025 but raised for 2026 as expansion is expected in that segment. The analyst lowered their cryptocurrency contribution projections to revenue and EBITDA for 2025 and 2026, saying: “Recent crypto activity has taken a breather.”

Needham also expressed continued confidence in Robinhood’s business model. The analysts stated that Robinhood’s product expansion is satisfactory and that they see additional opportunities in banking, futures, tokenized real-world assets, and prediction markets.

Robinhood Markets, Inc. (NASDAQ:HOOD) is a financial services platform. It offers commission-free trading of stocks, ETFs, options, and cryptocurrencies through its mobile-first brokerage app. The company also provides cash management and retirement account services.

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Disclosure: None. This article is originally published at Insider Monkey.