Robinhood’s Q1 Miss Looks Less Important Than Its Product Monetization Path

Goldman Sachs raised its price target on Robinhood Markets from $95 to $105, maintaining a Buy rating despite the company's Q1 earnings miss. Goldman argues the market underestimates Robinhood's long-term earnings potential as it transforms from a commission-free brokerage into a broader financial platform offering crypto, retirement accounts, credit cards, and international market access. The firm forecasts full-year EPS of $1.85, viewing the Q1 miss as short-term noise against strong 15.1% year-over-year revenue growth.