Citizens JMP raised its Robinhood Markets price target to $165 from $155 and maintained its Market Outperform rating. Robinhood shares traded at $113.08, down about 0.2% on the day after closing at $113.33, but had gained nearly 20% over the previous 30 days. The revised outlook incorporates approximately $1 million in daily net Robinhood Chain revenue by 2027, or about $365 million annually, assuming the company reaches an 85% revenue-sharing tier. Citizens JMP said the blockchain platform had recently reached activity levels substantial enough to include in its forecasts, though chain-related revenue could remain volatile and may not sustain its recent pace. Robinhood’s latest quarter exceeded expectations, with earnings per share of $0.62 versus the $0.44 consensus and revenue of $1.31 billion, up 32.5% from a year earlier. Other firms have also raised their targets, including StoneX, which lifted its objective to $170. Robinhood is expanding across prediction markets, blockchain and underwriting, while facing regulatory challenges and criticism of tokenized stock offerings.