Truist Lowers Robinhood Price Target to $100 on Revenue Headwinds
LA
Leona Ashford
Robinhood · Apr 13, 2026
Source: DojiDoji Data Terminal
Robinhood shares have fallen 39% year-to-date and are currently trading at $70.69. This decline reflects revenue headwinds from crypto prices and high-beta equity volatility.
Truist Securities lowered its price target on Robinhood Markets to $100 from $120, though it maintains a Buy rating. The firm updated its financial model to incorporate trading data from February and March ahead of the company's April 28 earnings report.
According to analyst David Smith, the updated model showed lower transaction-based revenues. These losses were only partially offset by higher share repurchases and modestly lower operating expenses. As a result, Truist trimmed its earnings estimates for the period between 2026 and 2028.
Despite the target reduction, Truist views the current price level as an attractive entry point. The firm expects the platform to organically grow assets more than 20% annually through net deposits for the next three years, compared to a mid-single-digit industry average.
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