Cantor Fitzgerald has raised its price target on Robinhood Markets from $110 to $130, maintaining a Buy rating. The brokerage cited upcoming product launches, growth in prediction markets, a stronger IPO pipeline, and regulatory tailwinds that could boost platform activity.
Goldman Sachs also lifted its target to $108 from $105, while Truist Securities reiterated a Buy with a $100 target. Robinhood shares traded at $102.70, down nearly 3% on the day but still up roughly 40% over the past month.
Analysts Flag New Revenue Drivers
Truist Securities noted that crypto trading volumes, while subdued, have shown early improvement. The firm estimated transaction revenue could beat consensus by double-digit percentages in Q2, with overall revenue growth in the mid- to high-single-digit range vs. current forecasts.
Prediction markets remain a key focus. Bernstein projected Robinhood’s prediction market revenue to surge from $150 million in 2025 to $586 million in 2026, driven by strong user engagement during the FIFA World Cup, where daily volumes reportedly reached $4.8 billion.
Robinhood recently launched its AI-powered Agentic Trading platform to all users, allowing dedicated accounts for AI-assisted investing. The company also listed Worldcoin, though the token fell nearly 15% amid market weakness.
Robinhood Prepares Major Debt Raise
Robinhood announced plans to raise $2 billion via convertible senior notes due 2029, with an option for an additional $200 million if demand warrants, totaling up to $2.2 billion. The notes are unsecured and may be settled in cash, shares, or a combination.
Separately, the company cut about 10% of its full-time workforce, incurring roughly $28 million in restructuring charges to streamline reporting structures.
Fund flows show mixed signals: Cathie Wood’s ARKK sold roughly $29 million worth of Robinhood stock while buying about $17.2 million of Block shares.
Technically, HOOD pulled back to ~$103 after hitting a new high near $112.5, following a rally from April lows around $64. The daily Supertrend indicator sits near $92.5, providing dynamic support. The 78.6% Fibonacci retracement level is at $102.1, currently being tested. The Chaikin Money Flow remains positive at 0.22, indicating ongoing capital inflows.
Sustained buying could allow HOOD to stabilize above $102 support and target resistance near $108 and $112. A decisive break below $102 could expose next supports at $93.9 and $88.2, though the longer-term uptrend remains intact as long as the stock holds above the $92.5 Supertrend level.
Wall Street analysts continue to raise their outlooks, pointing to prediction markets, AI investing tools, and improving trading activity as future growth catalysts.