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Robinhood Markets, Inc. (NASDAQ:HOOD) reported record revenue of $1.27 billion for the third quarter, representing 100% year-over-year growth. Analysts are weighing in on the brokerage's blockbuster quarter. HOOD stock is moving. See the real-time price action here. Expert Ideas In a note titled "No Signs of Slowing Down; Another Record Q," Cantor analyst Brett Knoblauch highlighted the exponential growth of Robinhood's prediction markets business — nearing a $300 million run-rate and making it the company's 11th product area to surpass $100 million in annualized revenue in just one year since launch. "What we find impressive is that within a year of launching prediction markets, HOOD’s prediction business is now essentially the same size as its equities trading business," Knoblauch wrote in the note. He also noted a major rebound in the firm's crypto business, with Robinhood app crypto volumes up 40.6% quarter over quarter and Bitstamp volumes up 70%. Read Next:Joby Stock Takes Off After Massive Q3 Revenue Beat: What To Know Cantor maintained an Overweight rating on HOOD and raised the price target from $130 to $155. Goldman Sachs analyst James Yaro also marveled at Robinhood's growth in prediction markets, which doubled the previous quarter's pace and offer significant upside to 2026 estimates. Yaro highlighted Robinhood's commitment to rolling out even more new business lines and incremental revenue streams, driving the firm's valuation higher. Goldman Sachs maintained a Buy rating on Robinhood shares and raised its price target from $170 to $181. Price Targets Raised These analysts also raised price targets following Robinhood's Q3 print: Barclays analyst Benjamin Budish maintained Robinhood with an Overweight and raised the price target from $162 to $168. Mizuho analyst Dan Dolev maintained an Outperform rating and raised the price target from $145 to $172. Keefe, Bruyette & Woods maintained Robinhood with a Market Perform and raised the price target from $121 to $135. Read Next: IREN, Cipher Bag Billion-Dollar AI Deals: Which Company Is Next? Photo: Shutterstock
