Robinhood Likely To Report Higher Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Core Viewpoint - Robinhood Markets, Inc. is expected to report a significant increase in earnings and revenue for the second quarter, indicating positive growth trends for the company [1]. Financial Performance - Analysts anticipate quarterly earnings of 35 cents per share, up from 30 cents per share in the same period last year [1]. - Projected quarterly revenue is $913.33 million, compared to $682 million a year earlier, reflecting a substantial year-over-year growth [1]. Analyst Ratings and Price Targets - The company has exceeded analyst revenue estimates in two consecutive quarters and seven out of the last ten quarters [2]. - Piper Sandler analyst maintained an Overweight rating and raised the price target from $70 to $110 [8]. - Morgan Stanley analyst maintained an Equal-Weight rating and increased the price target from $43 to $110 [8]. - JMP Securities analyst maintained a Market Outperform rating and raised the price target from $70 to $125 [8]. - Barclays analyst maintained an Overweight rating and increased the price target from $57 to $102 [8]. - Citigroup analyst maintained a Neutral rating and raised the price target from $50 to $100 [8].