Robinhood (HOOD) shares closed up 16.57% on Thursday at $124.72, reaching a market capitalization of $112.13 billion. The rally followed a slew of analyst upgrades. Scotiabank raised its rating, while Piper Sandler lifted its 2026 and 2027 EPS estimates by 5% and 7% respectively, raising the price target from $135 to $145, citing the upcoming football season as a catalyst for prediction market revenue. Additionally, Morgan Stanley upgraded Robinhood from "Equal Weight" to "Overweight" on September 2, raising the target from $124 to $150.
Robinhood Markets (HOOD) saw its stock price jump 16.57% on Thursday, closing at $124.72 and pushing its market capitalization to approximately $112.13 billion, according to data from BIT (Bit.com). The surge came amid a wave of analyst upgrades.
Scotiabank recently raised its rating on the broker. Piper Sandler expects that the upcoming football season could drive significant growth in prediction market revenue. The firm lifted its 2026 and 2027 earnings per share estimates by 5% and 7% respectively, and raised its price target from $135 to $145. Earlier this week, on September 2, Morgan Stanley upgraded Robinhood from "Equal Weight" to "Overweight", lifting its target from $124 to $150.
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