markets

Matt Phillips2/13/25

Robinhood bulls: “Another impressive print”

Piper Sandler analyst Patrick Moley slapped a $75 price target on shares of Robinhood Markets after the stock, crypto, and options brokerage reported much better-than-expected results Wednesday after the close, sending the shares up as much as 20% in the after-hours session. His previous target was $54 a share, and he’s had an “overweight” rating on it since August 2024.

He called the results “another impressive print” and noted that a large part of the better-than-expected earnings per share number of $1.01 (versus the Wall Street expectation of $0.42) was due to a one-off tax benefit that added $0.41 to the bottom line. But he wrote that even excluding that and other one-offs...

“HOOD still would have reported a strong beat with $0.54 of EPS. HOOD shares are trading up >20% after hours we suspect due to the 4Q24 beat, strong January metrics, and a number of positive developments on the product roadmap. Bottom line, we believe HOOD is positioned well to win across many areas of its business in the coming years and are becoming increasingly confident in management’s ability to execute.”

Another bullish analyst covering the shares, Dan Dolev at Mizuho, gushed about Wednesday’s numbers, writing:

“There was almost too much to like in 4Q results, so we highlight only a few pearls including: 850K Q/Q growth in funded customers (a marked acceleration vs. 3Q’s ~160K sequential growth), 10%+ gold subscriber attach rate (to 2.64mn), 27% Q/Q growth in AUC to $193bn including 7x Y/Y growth in retirement AUC to $13.1bn (+$3.2bn sequentially), to name a few.”

(Full disclosure: Sherwood Media is an editorially independent subsidiary of Robinhood Markets Inc. I own Robinhood stock as part of my compensation.)

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J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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Meta surges on report it’s starting a cloud business to sell excess AI compute

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markets

Paige Oamek6/30/26

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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