TLDR
- StoneX analyst sets a $170 price target for HOOD, implying around 45% upside from recent levels.
- Mizuho raised its target from $130 to $140, Cantor Fitzgerald set $150, Jefferies raised to $140, and Goldman Sachs lifted to $142.
- HOOD stock has gained nearly 13% over the past five sessions and around 25% over the last month.
- Q2 revenue grew 32% year-over-year, with adjusted EBITDA up 35% and EPS jumping 48%.
- Robinhood’s prediction market event-contract revenue hit $156 million in Q2, up more than 10x year-over-year.
Robinhood (HOOD) stock pulled back around 1% on Wednesday, trading at $116.17 after touching an intraday high of $121.42. Despite the dip, HOOD has climbed nearly 13% over the past five sessions and roughly 25% over the past month.
Wall Street is not shying away from the stock. StoneX set a $170 price target with a “buy” rating, implying around 45% upside from a prior close of $117.34. That is the most bullish call on the Street right now.
Other firms are not far behind. Mizuho raised its target from $130 to $140, keeping its “buy” rating. Cantor Fitzgerald set a $150 target, up from a prior $115. Jefferies lifted its target from $127 to $140, and Goldman Sachs moved its target from $124 to $142.
The average price target across 20 analyst ratings currently stands at $131.73, according to TipRanks. That implies around 12% upside from current levels. Of those 20 ratings, 18 are “buy” and two are “hold.”
HOOD has rallied more than 90% from its March lows and is pushing back toward record highs above $150 set last October.
What Is Driving the Bullish Case
The Q2 numbers gave analysts plenty to work with. Revenue grew 32% year-over-year. Adjusted EBITDA rose 35%. EPS jumped 48%. The company ended the quarter with $369 billion in platform assets, up 32% year-over-year, and pulled in $75.7 billion in net deposits over the trailing 12 months, equal to 27% organic growth.
Average revenue per user in Q2 grew 24% year-over-year to $187. Gold subscribers jumped 39% to 4.8 million. Transaction revenue grew 44%.
HOOD currently trades at around 52x trailing earnings, a steep premium compared to peers. Interactive Brokers trades at around 34x, Charles Schwab at 16.4x, and eToro at 12.9x. The consensus EPS for FY26 sits at $2.08, putting the forward multiple at around 56x.
FY27 consensus EPS now stands at $2.78, up from $2.48 just 90 days ago and $2.69 30 days ago. Rising estimates are a key part of the bull thesis, as upward earnings revisions can bring the multiple down even without a stock price drop.
Prediction Markets Becoming a Real Business
Prediction market revenue has become one of the more closely watched lines in Robinhood’s financials. Event-contract revenue hit $156 million in Q2, up more than 10x year-over-year.
Robinhood recently partnered with Crypto.com to expand its prediction market offerings. With the NFL season underway, analysts expect that business to stay active into Q3.
Meanwhile, crypto revenue fell 38% in Q2, yet total revenue still grew 32%. Robinhood now has 13 business lines generating more than $100 million in annualized revenue each.
The company reported $369 billion in platform assets at the end of Q2, with a trailing 12-month organic growth rate of 25% as of July.
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