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Robinhood price target raised at Citi bank CSA image man ticker tape
Following the tape (CSA Images/Getty Images)

Robinhood price target doubled by Citi

They’re still neutral on the shares.

Citi analysts jacked up their price target on options, crypto, and stock brokerage firm Robinhood Markets on Monday, lifting it to $100 a share (from $50) while keeping a “neutral” rating on the stock.

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company. I own Robinhood stock as part of my compensation.)

The bank’s analysts just couldn’t seem to get comfortable with putting a “buy” on shares that have risen more than 150% in 2025 and over 300% in the last 12 months, pushing up price-to-earnings ratios sharply.

“After the recent performance and with the stock currently trading at 62x/48x our 2026/2027 EPS, we believe much of the growth potential is already priced in,” they wrote.

More broadly, the market move in Robinhood shares over the last year has shifted consensus views among Wall Street’s professional class of stock watchers.

A year ago, less than 40% of analysts had the equivalent of a “buy” rating on the stock, compared to just over 70% today. Still, there’s some residual skepticism about the recent run-up in the shares, which pushed Robinhood to a record last week. Wall Street’s consensus target price among 24 analysts covering the shares is just under $80 — roughly 15% below the current market price, according to FactSet.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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