Analysts Conflicted on These Financial Names: Robinhood Markets (HOOD), BlackLine (BL) and SelectQuote (SLQT)

Analysts have been eager to weigh in on the Financial sector with new ratings on Robinhood Markets (HOOD – Research Report), BlackLine (BL – Research Report) and SelectQuote (SLQT – Research Report).

Robinhood Markets (HOOD)

In a report released yesterday, Benjamin Budish from Barclays maintained a Sell rating on Robinhood Markets, with a price target of $11.00. The company’s shares closed last Wednesday at $10.62.

According to TipRanks.com, Budish is a 4-star analyst with an average return of 14.3% and a 71.0% success rate. Budish covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Apollo Global Management, and Marketaxess Holdings.

The word on The Street in general, suggests a Hold analyst consensus rating for Robinhood Markets with a $13.10 average price target.

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BlackLine (BL)

In a report released yesterday, Matthew VanVliet from BTIG reiterated a Buy rating on BlackLine, with a price target of $70.00. The company’s shares closed last Wednesday at $55.83.

According to TipRanks.com, VanVliet is ranked 0 out of 5 stars with an average return of -10.3% and a 33.6% success rate. VanVliet covers the Technology sector, focusing on stocks such as Zoom Video Communications, Instructure Holdings, and FiscalNote Holdings.

BlackLine has an analyst consensus of Hold, with a price target consensus of $59.67, representing a 7.6% upside. In a report issued on August 29, Robert W. Baird also maintained a Buy rating on the stock with a $64.00 price target.

SelectQuote (SLQT)

Citi analyst Daniel Grosslight maintained a Hold rating on SelectQuote today and set a price target of $1.75. The company’s shares closed last Wednesday at $1.14.

According to TipRanks.com, Grosslight is a 4-star analyst with an average return of 10.4% and a 39.0% success rate. Grosslight covers the Healthcare sector, focusing on stocks such as Hims & Hers Health, GoodRx Holdings, and 23andMe Holding.

Currently, the analyst consensus on SelectQuote is a Hold with an average price target of $2.38, a 61.9% upside from current levels. In a report released yesterday, RBC Capital also maintained a Hold rating on the stock with a $3.00 price target.

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Read More on HOOD:

• Robinhood Markets, Inc. Reports August 2023 Operating Data
• Cathie Wood’s ARK Investment bought 440K shares of Robinhood today
• Cathie Wood’s ARK Investment bought 522.2K shares of Robinhood today
• SoFi (NASDAQ:SOFI): Instacart IPO Marks a Milestone for the Fintech
• Robinhood (NASDAQ:HOOD) Gains Ground on New Offerings