ETOR
HOOD
Wall Street isn’t backing off
Piper Sandler gave Robinhood another thumbs-up, reiterating an Overweight rating and tagging the stock with a $135 price target. That’s a pretty loud vote of confidence for a stock that’s already been through the blender: HOOD is down 30% year-to-date and 41% over the last six months, even after a 10% bounce this past week.
The bet: retail isn’t dead yet
The firm’s core argument is simple: retail trading activity may hold up better than the market expected in 2026. In Robinhood-speak, that matters a lot, because the company still lives and dies by how much the average investor is clicking, trading, and basically treating their brokerage app like a sportsbook for stocks.
The Street is split, which is very 2026
Piper isn’t the only shop moving around its model. Truist kept a Buy rating but trimmed its price target to $100, while Citizens cut its target to $155 and lowered its first-quarter 2026 adjusted EBITDA estimate to $573.1 million, below consensus. Citizens also pared back its view on eToro, which is a nice reminder that this isn’t just a Robinhood story — it’s a whole “will trading fever cool off?” debate.
Big picture
For investors, the takeaway is that Robinhood still has believers, but the pitch is getting more selective. If retail activity stays sticky, the stock has room to breathe. If not, those price targets start looking like optimistic doodles on a napkin.