Goldman Sachs Adjusts Robinhood Markets, Inc. (HOOD) Price Target, Cites Strong Early-Year Metrics

Robinhood Markets, Inc. (NASDAQ:HOOD) is among the 20 Best Investments in 2026.

Robinhood Markets, Inc. (NASDAQ:HOOD) is among the best investments.

TheFly reported on February 20 that Goldman Sachs lowered its price target for HOOD to $111 from $130 while maintaining a Buy rating. With funded accounts climbing 9% year over year to 27.2 million, equity and cryptocurrency trading volumes rising 57% and 12%, respectively, and prediction market event contracts gaining 17% month over month to $3.4 billion, the firm highlighted the company’s solid January performance. As daily commissions hit $10 million and app downloads increased 30% month over month, platform engagement remained high. While keeping an eye on the company's valuation and changing trading activity, Goldman Sachs updated their January-adjusted estimates in response to these movements.

Additionally, as part of its goal to become a full-featured financial super-app, Robinhood Markets, Inc. (NASDAQ:HOOD) recently introduced a new tax offering for its users on February 18. Through a partnership with April, an AI-powered tax platform, eligible customers can file their 2025 federal and state taxes at no cost through April 15, 2026.

The service provides a streamlined, mobile- and web-friendly filing experience, allowing users to receive potential refunds up to four days earlier when deposited directly into their HOOD brokerage accounts. This initiative simplifies tax preparation, reducing complexity and costs, while leveraging automation to handle routine tasks, giving users a faster and more confident path to completing their taxes.

Robinhood Markets, Inc. (NASDAQ:HOOD) is a fintech company offering commission-free trading of stocks, ETFs, and cryptocurrencies, providing a user-friendly platform for retail investors to manage and grow their investments.

While we acknowledge the potential of HOOD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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