Robinhood Markets (HOOD) stock forecast for 2023
Last update: May 29, 2023 (12:03)
Sector: FinancialThe share price of Robinhood Markets, Inc. (HOOD) now
50/200 Day Moving Average: $9.13 / $9.63
This figure corresponds to the Average Price over the previous 50/200 days. For Robinhood Markets stocks, the 50-day moving average is the resistance level today.
For Robinhood Markets stocks, the 200-day moving average is the resistance level today.
Are you interested in Robinhood Markets stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Robinhood Markets stock price in 2023. How much will one Robinhood Markets share be worth in 2023? Is it worth taking profit / loss on Robinhood Markets stock now or waiting? What are analysts' forecasts for Robinhood Markets stock?
We forecast Robinhood Markets stock performance using neural networks based on historical data on Robinhood Markets stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. The Robinhood Markets stock prediction results are shown below and presented as a graph, table and text information.
Robinhood Markets stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for Robinhood Markets analysts is $11.61.
Today 200 Day Moving Average is the resistance level (9.63 $).
50 Day Moving Average is the resistance level (9.13 $).
Historical and forecast chart of Robinhood Markets stock
The chart below shows the historical price of Robinhood Markets stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Robinhood Markets stock price can be found in the table below.
Robinhood Markets (HOOD) Forecast for 2023
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jun | 9.56 | 8.60 | 10.24 | 16.07 % |
| Jul | 10.04 | 9.71 | 11.10 | 12.54 % |
| Aug | 9.59 | 8.53 | 10.67 | 20.02 % |
| Sep | 9.34 | 8.80 | 9.81 | 10.26 % |
| Oct | 9.23 | 8.42 | 10.15 | 17.06 % |
| Nov | 10.15 | 9.50 | 11.25 | 15.54 % |
| Dec | 9.82 | 9.47 | 10.33 | 8.39 % |
Robinhood Markets information and performance
Robinhood Markets is an American company headquartered in Menlo Park, California. The organization provides its clients with the possibility of commission-free trading of stocks and exchange-traded funds through a mobile application, presented in March 2015. Robinhood is a FINRA regulated broker registered with the US Securities Commission and a member of the Securities Protection Corporation. The company’s revenue comes from three main sources: interest (earned on customer cash balances), the sale of information about exchange orders to high-frequency traders, and margin lending. As of 2021, Robinhood has 31 million users.
85 WILLOW STREET, MENLO PARK, CA, US
Market capitalization is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of shares in the company outstanding by the market price of one share.
EBITDA is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Robinhood Markets price target for 2023 by month
Target values for the price of one Robinhood Markets share for Jun 2023.
In Jun, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 16.072% volatility is expected.
Pessimistic target level: 8.60
Optimistic target level: 10.24
Target values for the price of one Robinhood Markets share for Jul 2023.
In Jul, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 12.543% volatility is expected.
Pessimistic target level: 9.71
Optimistic target level: 11.10
Target values for the price of one Robinhood Markets share for Aug 2023.
In Aug, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 20.018% volatility is expected.
Pessimistic target level: 8.53
Optimistic target level: 10.67
Target values for the price of one Robinhood Markets share for Sep 2023.
In Sep, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 10.263% volatility is expected.
Pessimistic target level: 8.80
Optimistic target level: 9.81
Target values for the price of one Robinhood Markets share for Oct 2023.
In Oct, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 17.064% volatility is expected.
Pessimistic target level: 8.42
Optimistic target level: 10.15
Target values for the price of one Robinhood Markets share for Nov 2023.
In Nov, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 15.544% volatility is expected.
Pessimistic target level: 9.50
Optimistic target level: 11.25
Target values for the price of one Robinhood Markets share for Dec 2023.
In Dec, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 8.386% volatility is expected.
Pessimistic target level: 9.47
Optimistic target level: 10.33