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Analysts Offer Insights on Financial Companies: Ally Financial (ALLY), Robinhood (HOOD) and Independent Bank (INDB)

Tipranks - Tue Apr 21, 5:14AM CDT

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Ally Financial (ALLY), Robinhood (HOOD) and Independent Bank (INDB).

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Ally Financial (ALLY)

Barclays analyst Jason Goldberg maintained a Hold rating on Ally Financial today and set a price target of $56.00. The company’s shares closed last Friday at $45.36, close to its 52-week high of $45.46.

According to TipRanks.com, Goldberg is a 5-star analyst with an average return of 13.8% and a 69.5% success rate. Goldberg covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, First Citizens BancShares, and Bank of New York Mellon. ;'>

Ally Financial has an analyst consensus of Strong Buy, with a price target consensus of $51.85, implying a 17.4% upside from current levels. In a report issued on April 17, TipRanks – xAI also reiterated a Hold rating on the stock with a $42.00 price target.

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Robinhood (HOOD)

In a report released today, Dan Dolev from Mizuho Securities maintained a Buy rating on Robinhood, with a price target of $115.00. The company’s shares closed last Friday at $90.75.

According to TipRanks.com, Dolev is a 4-star analyst with an average return of 5.3% and a 49.5% success rate. Dolev covers the Technology sector, focusing on stocks such as Circle Internet Group, Inc. Class A, Automatic Data Processing, and PicS N.V. Class A. ;'>

Currently, the analyst consensus on Robinhood is a Strong Buy with an average price target of $105.19, representing a 16.8% upside. In a report issued on April 6, TipRanks – PerPlexity also upgraded the stock to Buy with a $76.00 price target.

Independent Bank (INDB)

In a report released today, Jared Shaw from Barclays maintained a Sell rating on Independent Bank, with a price target of $82.00. The company’s shares closed last Friday at $77.95.

According to TipRanks.com, Shaw is a 4-star analyst with an average return of 3.0% and a 58.5% success rate. Shaw covers the Financial sector, focusing on stocks such as Old National Bancorp Capital, Pinnacle Financial Partners, and First Interstate Bancsystem. ;'>

Currently, the analyst consensus on Independent Bank is a Moderate Buy with an average price target of $89.40.

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