Bank of America Securities raised its price target for Robinhood Markets (HOOD) to $156 from $140 and reiterated a Buy rating. Analyst Craig Siegenthaler’s new target is notably above Wall Street consensus and comes ahead of the company’s third-quarter earnings report.
The firm cited strong trading activity and a higher forecast for net interest income following a recent Federal Reserve interest rate hike.
Bank of America also raised its earnings per share (EPS) estimates for Robinhood’s third quarter of 2026 and for full-year 2026 through 2028.