Robinhood Markets (Nasdaq: HOOD) is going to help run the Trump Accounts initiative, the U.S. Department of the Treasury revealed on Apr. 6.
The e-trading platform, which gained popularity for its crypto and tokenized stock offerings, had already committed to contributing $1,000 each to the accounts for eligible children of its employees.
Related: U.S. Treasury unveils new partners for Trump Accounts
Following the announcement, Compass Point analyst Ed Engel reiterated a Buy rating and the trimmed stock price target of $108 on Robinhood.
It was on Apr. 2 that Engel had lowered the price target on the Robinhood stock by 15% from $127 to $108 while maintaining a Buy rating. The analyst trimmed the target to reflect softer Q1 key performance indicators.
Though the current setup resembles April 2025 when Wall Street was cutting forecasts ahead of President Donald Trump’s “Liberation Day” tariffs, Engel said the resolution of the Iran war that drives a V-shaped recovery for stocks would make Robinhood a leading beneficiary.
Other analysts have also trimmed the price target on the Robinhood stock last week.
Trending on TheStreet Roundtable:
Wolfe Research
On Apr. 1, Wolfe Research analyst Steven Chubak slashed its price target on the Robinhood stock by 30% from $115 to $81. The analyst’s outlook reflected a more cautious outlook as crypto retail trading slowed on the platform.
The recent crypto slump has reduced the company’s trading activity which has put pressure on its annual revenue, the firm said. Nonetheless, the analyst maintained an “Outperform” rating on the stock.
More on Robinhood:
Needham
On Apr. 2, Needham analyst John Todaro also slashed its price target on Robinhood from $100 to $90. The analyst also held a “Buy” rating because of slower growth across the platform.
The analyst said it was too early to call Robinhood a “financial super app.” He added,
“We see HOOD as the farthest along financial services platform in becoming a financial super app, but the recent volume metrics and lowered net interest revenue reflect a more muted environment.”
The analyst lowered the revenue estimates for Robinhood in 2026 and 2027, primarily due to lower expected trading volumes and net interest revenues.
Jefferies Financial Group
On Apr. 6, Jefferies cut the price target on Robinhood from $88 to $84. It maintained a “Buy” rating on the company’s shares.
The HOOD stock closed 1.28% lower at $69.78 on Apr. 6.
Related: ‘Iran can be taken out in one night’: Trump’s fresh threat erases market gains
This story was originally published by TheStreet on Apr 6, 2026, where it first appeared in the Investing section. Add TheStreet as a Preferred Source by clicking here.
