Citigroup Adjusts Robinhood (NASDAQ: HOOD) Rating and Price Target

• Citigroup has updated its rating for Robinhood (NASDAQ: HOOD) to Neutral and raised the price target from $120 to $135.
• The Federal Reserve's interest rate cuts have positively impacted the financial sector, benefiting Robinhood's business model.
• Robinhood's stock price has reached a new high over the past year, reflecting strong market confidence and financial momentum.

On September 23, 2025, Citigroup adjusted its rating for Robinhood (NASDAQ: HOOD) to a Neutral grade, maintaining a hold action. At the time of this update, the stock price was $124.89. Citigroup also raised the price target for Robinhood from $120 to $135, as highlighted by TheFly. Robinhood, a leading fintech company, is known for its innovative trading platform that caters to retail investors.

The Federal Reserve's recent decision to cut interest rates has significantly impacted the market, with the financial sector, particularly the S&P 500, experiencing a notable rise. Robinhood is at the forefront of this rally, benefiting from the macroeconomic shift. The lower interest rates alleviate pressure on retail traders and increase market volatility, both crucial for Robinhood's revenue model.

Robinhood is witnessing an uptick in new account openings, fresh capital inflows, and heightened trading activity. This positions the company advantageously in the current market landscape. The recent breakout in Robinhood's stock is not merely a reflection of market sentiment but is underpinned by substantial financial momentum.

Currently, Robinhood's stock is trading at $124.89 on the NASDAQ, with a slight increase of 0.11, marking a 0.09% rise. The day's trading has seen a low of $122.20 and a high of $126.64, which also marks its highest price over the past year. The market capitalization of Robinhood stands at approximately $111 billion, with a trading volume of 33.1 million shares.

Over the past year, Robinhood's stock has seen a low of $22.05. This significant increase in stock price reflects the company's strong position in the market and its ability to capitalize on the current economic conditions. As a key platform for retail investors, Robinhood continues to thrive amidst the changing financial landscape.