Robinhood Markets (HOOD) received an upgrade from Wolfe Research from Peer Perform to Outperform with a price target of $29 per share. The firm cited the...
) received an upgrade from Wolfe Research from Peer Perform to Outperform with a price target of $29 per share. The firm cited the company's strong fundamentals as helping it achieve growth.
Um I'm actually a financials and banks analyst by trade, but really what's underpinning our thesis, what we're looking for is durable earnings growth upside to gap earnings.And so we came away from the dinner, you know, quite constructive just given there's a lot of growth runway ahead for this company as we started to underwrite some of the levers that they could pull on the crypto side, active trader expanding internationally.
But even in terms of revenue momentum, they're growing organically at 20% they're growing accounts at 5% and that supports or uh 20% revenue growth roughly.They're gonna grow earnings at 30% annually and the street is not reflecting any growth over the next two years.But the stocks up about 75% this year, it's up about 100 and 30% over the last 12 months.
The stock price is 91% correlated to estimate revisions and we expect that estimates are gonna be revised 70% higher by 2026. The fact that there's gonna be an occasional meme frenzy frenzy or we're gonna go through a crypto winter.So normalizing for activity rates, normalizing for account growth, normalizing for organic growth.And again, it, it supports an algorithm that leaves our estimate 70% higher than where consensus is today.
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