The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 23 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the financial technology (fintech) peer group is "buy"
Wall Street's median 12-month price target for Robinhood Markets Inc is $127.50, about 37.5% above its July 28 closing price of $92.76
The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 28 three months ago
Quarterly results beat estimates
Robinhood's quarterly revenue beat estimates on the back of strong prediction market volumes.
U.S. retail brokerage's Q2 revenue rose 32% yr/yr, beating analyst expectations
Adjusted EBITDA for Q2 beat analyst expectations, rising 35% yr/yr
Company repurchased $414 mln in shares during the quarter
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