Goldman Sachs raised its price target on Robinhood Markets to $137 from $121 while maintaining its buy rating, marking a revised outlook as the brokerage continues to attract attention ahead of its next quarterly earnings report.
The updated targets were announced after a series of operational changes and follow adjustments made earlier this year. At the same time, Robinhood stock has continued to outperform market benchmarks over the past month, but analysts remain focused on future earnings and further changes to earnings estimates.
Goldman Sachs Revises Robinhood Outlook
Goldman Sachs analyst James Yaro raised his price target on Robinhood to $137 and reiterated his buy rating. Separately, analysts tracked by FactSet maintain an average Overweight rating on Robinhood, with an average price target of $120.83.
The latest revision follows an earlier adjustment reported on February 20, when Goldman Sachs lowered the target from $130 to $111 while maintaining the same rating. Despite taking into account the valuation, the company cited several operating metrics that support its latest estimates.
The number of funded accounts increased by 9% year-on-year to 27.2 million accounts, while stock trading volume increased by 57% and crypto trading volume increased by 12%. Prediction market event contracts also increased 17% month over month to $3.4 billion. Goldman Sachs also noted that daily fees reached $10 million and downloads of the Robinhood app increased 30% from the previous month.
Stocks continue to outperform the broader market
Robinhood stock closed at $115.54 in recent trading, increasing 1.84% on the day. The stock outperformed the broader market, with the S&P 500 up 0.38%, the Dow Jones Industrial Average up 0.29% and the Nasdaq Composite Index up 0.62%.
Robinhood shares have gained 19.47% over the past month, outpacing the Financials sector’s 3.3% rise and the S&P 500’s 1.61% gain over the same period.
Market focus shifts to future earnings
Investor attention now turns to Robinhood’s earnings report, scheduled for July 29, 2026.
Analysts expect the company’s earnings per share to be $0.40, down 4.76% from the same period last year. Revenue is expected to reach $1.23 billion, an increase of 23.89% year over year.
For the full year, the consensus estimate is for earnings of $1.88 per share, down 8.29% from the prior year, while revenue is expected to total $5.01 billion, representing an annual growth rate of 12.07%.
Related: Why do crypto KOLs praise Robinhood Chain?
