BUZZ-Preview: Robinhood shares rise as investors focus on trading activity

October 27 - ** Robinhood Markets (HOOD.O) shares rose 3.5% to $96.10 during Tuesday's morning trading session. The company is scheduled to release its third-quarter earnings after the bell, and investors are currently watching transaction volumes and the adoption of new products.

** According to London Stock Exchange Group (LSEG) forecasts, the retail trading platform's quarterly revenue is expected to grow about 12% year-on-year to $1.42 billion, with adjusted earnings per share at $0.56, lower than last year's $0.61.

** Last quarter, the company surpassed (link) profit expectations, as robust trading in stocks and prediction markets offset weakness in crypto revenue.

** In late September, HOOD (link) announced it would allow certain stocks to be traded 24 hours over weekends, and launched new event contracts related to earnings reports.

** Due to Tuesday's share price volatility, the stock is down about 15% year-to-date, underperforming the S&P 500 index (.SPX)'s approximately 12.5% gain and the Nasdaq index (.IXIC)'s approximately 13.5% gain.

** Of the 33 analysts covering the stock, ratings are distributed as 27 “strong buy” or “buy,” 5 “hold,” and 1 “sell.”

** The median target price is $135.50, up from $127.50 three months ago.

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