FMP
Jun 20, 2024 3:42 PM - Davit Kirakosyan
Image credit: FMP
Deutsche Bank analysts raised their price target for Robinhood Markets (NASDAQ:HOOD) to $20 from $19 while maintaining their Hold rating on the stock.
The analysts revised their estimates for Robinhood following the May metrics report and a recent discussion with the company's investor relations. Despite encouraging customer growth, with a 35% annualized increase in client asset organic growth and a 10% rise in margin balances, the analysts noted a modest decline in crypto volumes, leading to a slightly lower transaction revenue forecast for the second quarter compared to previous estimates. This decrease is partially offset by higher revenue forecasts from options and equities trading due to better volume trends in the second quarter.
Additionally, the analysts adjusted the net interest revenue forecast slightly downward, resulting in a revised adjusted EBITDA forecast for the second quarter of $270 million, down from the previous $286 million.
While several trends are promising, the analysts believe the stock is fairly valued at current levels and thus maintain a Hold rating. The increased price target to $20 reflects higher EPS expectations.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 16, 2024 8:06 PM - Gordon Thompson
On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...