Robinhood shares rally as StoneX sets $170 target on strong growth

  • StoneX initiated coverage with a $170 Robinhood target and a Buy recommendation.
  • $156 million in second-quarter event-contract revenue increased more than tenfold year over year.
  • Robinhood reported 32% revenue growth and 39% Gold membership growth in the second quarter.

Robinhood shares settled at $116.17 on Wednesday, down about 1% after reaching $121.42 intraday, but remained up nearly 13% over five trading days and roughly 25% over the past month. StoneX initiated coverage with a $170 price objective and a Buy recommendation, implying approximately 45% upside from the previous close of $117.34 and representing the most bullish target cited. Mizuho raised its target to $140 from $130, Cantor Fitzgerald set a $150 target from $115, Jefferies lifted its objective to $140 from $127, and Goldman Sachs increased its forecast to $142 from $124. TipRanks data shows a $131.73 consensus target across 20 analyst evaluations, with 18 Buy ratings and two Holds, implying about 12% upside. Robinhood has gained more than 90% since its March low and is approaching the all-time highs above $150 set last October. The upgrades followed second-quarter revenue growth of 32% year over year, adjusted EBITDA growth of 35% and a 48% increase in earnings per share. Assets reached $369 billion, trailing-12-month net deposits were $75.7 billion, revenue per user rose 24% to $187 and Gold membership increased 39% to 4.8 million. Event-contract revenue reached $156 million, more than ten times the year-earlier level, despite a 38% decline in cryptocurrency revenue. Analysts have also cited Robinhood’s funded-account gains, prediction-market partnerships and potential trading activity from artificial-intelligence initial public offerings as additional catalysts.

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