Goldman Sachs lifts Robinhood price target to $137, keeps buy rating
The new target comes ahead of Robinhood's July 29 earnings report as Goldman cited stronger operating metrics and the stock continued to outperform broader market benchmarks.
Goldman Sachs analyst James Yaro raised Robinhood's price target to $137 from $121 while reiterating a Buy rating, adding to renewed attention on the brokerage ahead of its July 29, 2026 earnings report. The latest move follows an earlier Feb. 20 revision that cut the target to $111 from $130 while keeping the same recommendation. Goldman cited stronger operating trends, including 27.2 million funded accounts, up 9% year over year, a 57% rise in equity trading volume, 12% growth in cryptocurrency trading volume, and a 17% month-over-month increase in prediction market event contracts to $3.4 billion. The firm also noted daily commissions of $10 million and a 30% increase in app downloads from the previous month. Robinhood shares closed at $115.54, up 1.84% on the day, outperforming the S&P 500, Dow Jones Industrial Average and Nasdaq Composite. Over the past month, the stock has gained 19.47%, ahead of the Finance sector's 3.3% rise and the S&P 500's 1.61% increase. Analysts tracked by FactSet maintain an average Overweight rating with a mean price target of $120.83. Consensus estimates call for quarterly earnings of $0.40 per share on revenue of $1.23 billion and full-year earnings of $1.88 per share on revenue of $5.01 billion.
- funded accounts: Brokerage accounts that have been opened and supplied with money for trading or investing.
- prediction market event contracts: Contracts that let traders take positions on the outcome of specific future events.
- price target: An analyst's projected future stock price.