Bernstein keeps $130 Robinhood target as Q1 miss extends post-earnings losses

Shares of Robinhood (HOOD) deepened losses after the company missed first-quarter revenue and earnings targets, but Bernstein sees nearly double the upside from current levels.

After falling about 2% to $82 at Tuesday’s close, HOOD continued to trade lower in Wednesday’s pre-market, Yahoo Finance data shows.

Robinhood could recover from a weak Q1 marked by a 47% drop in crypto revenue, according to Bernstein, which maintains a bullish outlook and a $130 price target.

Like Galaxy Digital, which posted a $216 million net loss for the first quarter, the decline was linked to the overall crypto market downturn.

Bitcoin plunged approximately 24% in its weakest quarterly performance since Q1 2020, when a pandemic-fueled panic briefly drove prices down by about a third in chaotic trading.

However, Bernstein analysts say conditions are stabilizing and new products like prediction markets could support growth.

Despite missing earnings expectations, Robinhood’s overall revenue rose year-on-year, driven by strong transaction activity and growth in newer segments like banking and credit cards.

The company is also investing in AI and shifting focus toward long-term financial services, with future growth expected from both crypto recovery and new business lines.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.