Robinhood (HOOD) Stock Selloff May Be Overblown, Said Truist

Robinhood Markets Inc. (NASDAQ:HOOD) ranks among the best high growth high margin stocks to buy now. Truist Securities reduced its price target for Robinhood Markets Inc. (NASDAQ:HOOD) to $130 from $155 on February 6, keeping a Buy rating on the company’s shares. Despite the cut, Truist warned that the market reaction could be overblown, considering that crypto accounts for just 19% of Robinhood’s revenue and 12% of its projected growth for the year.

The firm voiced optimism that Robinhood Markets Inc. (NASDAQ:HOOD) will maintain solid financial performance in a weak crypto market, estimating that the company might reach 7% revenue growth and over $2.00 earnings per share in 2026 even if bitcoin revenue is completely removed.

This follows Truist’s previous price estimate of $155 on February 3, which came after Robinhood Markets Inc. (NASDAQ:HOOD) shares plunged 10% on February 2, lagging the broader market, which was slightly up. The selloff coincided with a 7% decline in Bitcoin prices, though financial sector equities moved higher and capital markets stocks stayed relatively steady.

Robinhood Markets Inc. (NASDAQ:HOOD) operates a financial services platform in the US. Its platform allows users to invest in stocks, ETFs, American depository receipts, options, gold, and cryptocurrencies.

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