Bernstein SocGen Group has reaffirmed an Outperform rating and a $160.00 price target on Robinhood Markets (NASDAQ:HOOD), maintaining its bullish view despite the stock’s marked decline in recent months. The $160 target implies a significant upside from the stock’s most recently cited price of $89.91, and analyst targets on the name span from $90 up to $180.
According to Bernstein analyst Gautam Chhugani, Robinhood has posted a 21% drop year-to-date and is down 41% from its peak. InvestingPro data cited alongside the note shows a precise YTD total return of -20.5%, while the share price nevertheless registers a 73.24% gain over the last 12 months.
The firm’s note underscores a central debate among investors about whether the pullback represents "a peak retail cycle sell off exacerbated with crypto drawdown" or whether it creates a buying opportunity. Bernstein emphasized that cryptocurrency-related activities accounted for 21% of Robinhood’s total revenues for year-to-date 2025, identifying that revenue stream as a meaningful factor in near-term results.
On valuation, Bernstein indicated that Robinhood is ‘‘fast approaching attractive valuation zone but near term volatility might lead to more attractive entry points.’’ The stock was trading at a price-to-earnings ratio of 37.31, while InvestingPro analysis shows a price/earnings-to-growth (PEG) ratio of 0.12, a metric that the note flagged as indicating potential undervaluation relative to growth expectations. The research note also pointed out that Robinhood is among more than 1,400 U.S. equities covered in the firm’s Pro Research Reports.
Several additional company developments were noted in the firm’s update. Robinhood UK has launched a stocks and shares ISA that features zero platform fees, no commissions, and a 2% cash bonus on new eligible contributions made before April 5, 2026. The UK product expansion coincided with other broker research actions: Mizuho reiterated an Outperform rating on Robinhood with a $172.00 price target, while Piper Sandler maintained an Overweight rating and set a $155.00 price target.
Operational and strategic initiatives were also described. The firm is reportedly preparing for a possible role administering new "Trump accounts" for children, with the U.S. federal government considering Robinhood as a potential trustee for that program. Separately, Robinhood is seeking to secure a substantial allocation of SpaceX shares in the aerospace company’s upcoming initial public offering, with the intention of offering those shares directly to retail investors through its IPO Access platform.
Taken together, Bernstein’s reaffirmation and the company newsflow outline a mixture of near-term volatility drivers and longer-term strategic moves. The analysis leaves open the possibility that continued price swings could present better entry points for investors as the company transitions through these revenue and product developments.
Summary
Bernstein SocGen Group has reiterated an Outperform rating on Robinhood Markets with a $160 price target, even as the stock trades substantially lower than recent highs. The firm cited cryptocurrency revenue exposure, current valuation metrics, and the potential for near-term volatility to shape investor entry points. Additional notes referenced product expansion in the U.K., confirmation of bullish ratings from other banks, and company initiatives around retail access to a high-profile IPO and a prospective trustee role for a federal program.
Key Points
- Bernstein reaffirmed Outperform on Robinhood with a $160 price target; analyst targets on the stock range from $90 to $180.
- Robinhood’s shares have fallen roughly 21% year-to-date and are down 41% from their peak, while InvestingPro data shows a YTD total return of -20.5% and a 73.24% return over the past year.
- Cryptocurrency-related activities represent 21% of Robinhood’s total revenues year-to-date 2025, a material component of recent performance; banks including Mizuho and Piper Sandler have reiterated bullish ratings with price targets of $172 and $155, respectively.
Risks and Uncertainties
- Near-term volatility in the stock could continue, potentially offering more attractive entry points but also increasing short-term downside risk for equity holders - this primarily affects retail brokerage and fintech market participants.
- Exposure to cryptocurrency-related revenues, which account for 21% of total revenues year-to-date 2025, creates sensitivity to crypto market fluctuations and can amplify earnings swings - impacting the crypto and financial services sectors.
- Operational and execution risks tied to new initiatives, including the UK ISA product rollout, potential trustee responsibilities for the federal program, and efforts to secure SpaceX IPO allocations, could affect strategic outcomes and investor expectations - relevant to brokerage services and retail investor access to IPOs.