The bullish call from Goldman Sachs follows BTIG's recent $125 price target, with analysts citing Robinhood's expanding product suite.
- Goldman Sachs became the latest Wall Street firm to raise its outlook on Robinhood after a record June.
- Analyst James Yaro lifted his price target to $121, citing strong trading volumes and accelerating platform growth.
- June activity hit records across equities, options, prediction markets, and crypto trading.
Goldman Sachs (GS) on Monday raised its price target on Robinhood Markets (HOOD) on the back of record trading activity in June, marking the second bullish Wall Street call on the stock in days.
Analyst James Yaro lifted the firm's target to $121 from $108 while maintaining a ‘Buy’ rating. The increase followed stronger-than-expected June activity, with preliminary data pointing to record event-contract, options, and equity trading volumes, alongside a sharp increase in crypto trading on the platform.
Yaro said the figures reinforced his view that Robinhood's platform growth, rapid product rollout and renewed retail investor activity were driving momentum across asset classes.
From Friday’s close of $98, Goldman Sachs sees roughly 23% upside potential. HOOD stock closed down over 5% on Friday. On Stocktwits, the retail sentiment around HOOD remained in the ‘bearish’ zone, while chatter around it stayed in the ‘low’ levels over the past day.
A Second Bullish Call
This came after Robinhood logged a record June across asset classes, with roughly $343 billion in equity volume, 274 million options contracts traded, and $14 billion in crypto activity.
The raise followed BTIG's initiation of coverage of Robinhood with a ‘Buy’ rating and a $125 price target. BTIG analyst Andrew Harte said Robinhood was "born to disrupt, built to compound," and that the company had grown well beyond its commission-free trading origins to offer cryptocurrency, prediction markets and wealth management.
Harte said Robinhood was poised to compound assets at more than 20% annually over the next decade, citing demographic tailwinds, product expansion and international growth.
What’s Driving The Momentum
Much of Robinhood's June surge traces to prediction markets. The segment got a boost from the 2026 FIFA World Cup, with Robinhood routing event contracts through Rothera, its own CFTC-licensed exchange and clearing house built through a joint venture.
The company also paired that with a rapid product push in Agentic Trading, letting customers connect third-party AI assistants to manage portfolios and execute trades, and in June it completed its acquisition of WonderFi to expand its crypto business in Canada. Additionally, the removal of the Pattern Day Trader rule has also been viewed as a tailwind for retail activity.
A Note Of Caution
Robinhood closed a $2.2 billion private fundraising last week through 0% convertible senior notes due 2029, with proceeds earmarked for general corporate purposes including potential acquisitions.
According to Koyfin, Wall Street’s 12-month average share price target for Robinhood Markets stands at $102.90. This marks a roughly 4% increase over the stock’s current market price, while the highest price target is $155. After hitting an intra-year peak of nearly $150, the stock has experienced sharp volatility.
HOOD stock was down over 12% year-to-date.
Read also: Bitcoin Is Having Its Toughest June Since 2022 – But Saylor Sees Another Buying Opportunity
For updates and corrections, email newsroom[at]stocktwits[dot]com.<
