Robinhood (HOOD) Stock Targets $172 Amid Robust Q3 Results

The leading stocks and crypto trading platform, Robinhood, is once again on the investors’ radar after it reported robust earnings as of November 5.

However, HOOD stock has recorded a slight dip in the pre-market trading session today after closing in the positive zone yesterday.

It’s worth noting that other crypto stocks like MicroStrategy (MSTR) and Circle (CRCL), among others, have been mixed in the pre-market hours today.

Amid this, top experts have shared bullish forecasts for HOOD stock price. A leading Japanese financial firm has lauded the journey of Robinhood, describing it as a “stellar year,” and offered a price target of $172 to the online brokerage platform.

So, here we explore the recent performance of the asset and see what experts are anticipating in the near future.

Robinhood (HOOD) Stock Eyes Rally to $172

Robinhood stock was marginally down by 0.13% in the pre-market hours today, and exchanged hands at $412.30.

However, the crypto stock closed the prior session with gains of over 4% to hit $142.48.

However, amid the broader crypto market selloff, the HOOD stock price fell around 1.6% over the past five sessions, while declining around 4% in the monthly chart.

Despite that, it has offered robust returns of 196% and 282% in the last six months and on a year-to-date (YTD) basis, respectively.

Amid this, the Japanese financial firm Mizuho has raised its price target for the company’s stock.

Besides, the financial firm has maintained an “Outperform” rating for the online brokerage firm, which has fueled market optimism.

Meanwhile, the firm has previously set a target of $145 for HOOD stock price. But, after its latest earnings results, the target is raised to $172, indicating the confidence of the Japanese firm in Robinhood’s operations.

Robinhood Reports Robust Q3 Earnings

The optimism around HOOD stock was further strengthened as Robinhood reports robust financial results for the third quarter.

According to its earnings release, the firm reported a revenue of $1.27 billion in Q3, FY25, marking a 100% surge from $637 billion in the same quarter of the previous year.

The net income also surged 271% to $556 million in Q3 FY25 from $150 million in the year-ago quarter. Besides, the crypto notional trading volume of Robinhood came in at $80 billion.

However, it’s worth noting that the firm has not provided any outlook for the overall fiscal year 2025.

Can Crypto Stocks Surge as BTC & ETH Prices Regain Momentum?

Amid the positive developments around Robinhood (HOOD) stock, investors are seeking clarity on the potential future movements of the crypto stocks.

BTC price was in the green earlier today, at $103.4k, and ETH price also surged around 2% to $3,390, which may have bolstered investors’ confidence.

Having said that, the investors anticipate a potential rebound in the crypto stocks. During writing, MicroStrategy (MSTR) stock was down around 1.5% to $251.33, after closing at $255 in the prior session with 3.24% gains.

On the other hand, Circle stock has added around 0.5% today and traded at $113.95 in the pre-market session.

Notably, the CRCL stock closed at $113.03, up 1.6%, in the prior session, indicating renewed confidence of traders towards the crypto stocks.

Having said that, if the crypto market continues its upward trajectory, it might also help in a rebound for the stocks.

However, if the selling pressure persists, it could also impact the broader market sentiment, potentially dampening the crypto stocks.