On September 14, Robinhood rose 3.16% in regular trading, reaching $115.3 per share with turnover of $568 million, rebounding from its recent pullback near the $112 level.
The move comes as Deutsche Bank raised its price target on Robinhood to $138 from $136 while maintaining a Buy rating. This adjustment is the latest in a wave of analyst upgrades over the past two weeks. Morgan Stanley double-upgraded the stock to Overweight with a $150 target, citing the prediction markets business as validation of revenue expansion potential, with over 2 million users and $156 million in Q2 revenue from that segment alone. Goldman Sachs lifted its target to $142, Piper Sandler to $145, Mizuho to $140, and Cantor Fitzgerald to $150 — pushing the consensus mean target to $133.06.
The bullish sentiment is underpinned by several strategic developments, including Robinhood's multi-year partnership with OG.com for CFTC-regulated prediction market infrastructure, equity stakes in Crypto.com and OG.com, and the Robinhood Chain generating $42.58 million in revenue within 70 days of launch. Ark Invest also recently purchased 27,083 shares valued at $3.18 million.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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