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FollowingKey Highlights
Predicts market activity as the main driver
Robinhood Chain shows rapid expansion
Receives 3 free stock e-books
Wall Street analysts 'collective bearish bulls pushed Robinhood's share price to a multi-month high
On Thursday, Robinhood's share price surged 16.6% to close at $124.72. It hit its highest closing price since early December. This strong performance was due to optimistic analytical reports released by a number of leading Wall Street financial institutions.
Morgan Stanley upgraded its HOOD rating to "overweight" from "equal allocation" and raised its price target to $150 from $124. The core idea is that the company can transform product diversification into enhanced customer profitability. Analyst Michael Cyprys pointed out: "Customer asset levels increased by 23% year-on-year." He emphasized that as the portfolio matures, the expanded product suite encourages users to centrally manage their positions on the Robinhood platform.
On the same day, Lance Jessurun of Scotiabank launched coverage of the stock, giving it an "outperform" rating and a target price of US$136. Jessurun believes that investors still view Robinhood through an outdated lens, viewing it only as a discount broker, when the reality is that the company already generates revenue from five separate categories, four of which show lower cyclical fluctuations than traditional transaction fees.
Forecasting market activity as the main driver
Piper Sandler's Patrick Moley raised his price target to $145 from $135, maintaining his "overweight" stance. He pointed out that as the NFL and college football seasons approach, predicting market trading volumes is a very promising opportunity. Moley's base scenario predicts that Robinhood users will execute approximately 29.7 billion event contracts between September and December 2026, resulting in approximately $320 million in forecast market-related revenue during that window.
Although August is usually the off-season for sports betting, trading volumes remain healthy, partly supported by World Cup events. Upcoming football events are expected to bring significantly higher participation.
Deutsche Bank also joined the bullish camp, raising its HOOD target price to $136 from $115. The bank specifically highlighted Robinhood Chain, the company's Layer-2 blockchain infrastructure, as an important source of potential upside.
Robinhood Chain shows rapid expansion
Although it has been launched for less than two months, Robinhood Chain has shown impressive indicators. According to DeFiLlama tracking data, the network's total lockdown value (TVL) surged nearly 27% in the past week to $840 million.
In the past 24 hours, the blockchain has generated $4.59 million in fees, exceeding the cost output of Ethereum, Solana, BNB, Avalanche and several major Layer-2 solutions, including Base and Arbitrum. Industry watchdog The Milk Road pointed out that on an annualized basis, Robinhood Chain's seven-day revenue performance makes it the fourth largest contributor among Robinhood's 14 different revenue categories.
In addition to blockchain development, Robinhood disclosed that users have invested approximately US$150 million in newly launched trust accounts, with typical account balances exceeding US$500,000. In addition, its premium service Robinhood Gold reached a record high of 4.8 million paid subscribers in the second quarter.
