Truist Lowers Robinhood Target to $130, Sees 7% Growth Excluding Crypto
Truist Securities cut its price target for Robinhood to $130 from $155 while retaining a Buy rating and flagged a 10% drop following bitcoin’s 7% slide. The firm highlighted crypto makes up 19% of revenue and forecasted 7% revenue growth with over $2 EPS in 2026 excluding bitcoin.
1. Price Target Reduction
Truist Securities lowered its price target for Robinhood Markets to $130 from $155 on February 6 while maintaining a Buy rating.
2. Crypto Exposure Analysis
Analysts emphasized that crypto-related activities account for 19% of Robinhood's revenue and just 12% of its projected growth, reducing sensitivity to weak cryptocurrency markets.
3. 2026 Financial Outlook
Truist forecasts 7% full-year revenue growth and over $2.00 in EPS for 2026 even if bitcoin revenue is excluded entirely.
4. Recent Stock Selloff Context
Shares plunged 10% on February 2 after a 7% bitcoin price drop, despite broader financial equities trading higher that day.