Robinhood's 3Q Results Better Than First Glance -- Market Talk

1356 ET - StoneX analyst Mark Palmer isn't surprised that Robinhood Markets' stock is down after the company posted the highest quarterly revenue and adjusted Ebitda in its history. "The explanation is not complicated," he says in a research note, pointing to quarterly earnings that came in a nickel below Wall Street models. Revenue and monthly active users missed estimates as well, he says. However, investors shouldn't be so quick to write the quarter off, according to Palmer. He says the earnings miss was largely tied to an unrealized mark-to-market loss on Robinhood Ventures Fund I. "Strip out the venture mark and HOOD's quarter was essentially in line with our adjusted EPS estimate of $0.65," he says. StoneX maintains its buy rating and $170 price target. Robinhood is off 4%. (connor.hart@wsj.com)

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October 28, 2026 13:56 ET (17:56 GMT)