Bernstein Maintains Outperform Rating on Robinhood (HOOD), Cites Attractive Valuation Zone

Robinhood Markets, Inc. (NASDAQ:HOOD) ranks among the best innovative stocks to buy according to Wall Street analysts. On February 3, Bernstein SocGen Group reaffirmed an Outperform rating and a $160 price target for Robinhood Markets, Inc. (NASDAQ:HOOD), with analyst Gautam Chhugani highlighting the company’s substantial decline from its peak.

According to Bernstein’s analysis, investors are wondering whether the current scenario reflects “a peak retail cycle sell off exacerbated with crypto drawdown” or a possible buying opportunity for the company’s shares. Nonetheless, the firm added that Robinhood Markets, Inc. (NASDAQ:HOOD) “is fast approaching attractive valuation zone, but near term volatility might lead to more attractive entry points,” implying possible opportunities for investors amid constant shifts in the market.

Furthermore, Bernstein noted that cryptocurrency-related operations made up 21% of Robinhood’s total revenue year-to-date in 2025, making this area a significant contributor to the company’s recent performance.

Robinhood Markets, Inc. (NASDAQ:HOOD) is a financial services platform that offers commission-free trading of stocks, ETFs, options, and cryptocurrencies through its mobile-first brokerage app.

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