Wall Street Turns Bullish on Robinhood Ahead of July 29 Earnings

Analysts are lining up behind Robinhood Markets ahead of its second-quarter results, due July 29. Goldman Sachs raised its price target to $121 after record June activity across event contracts, options, and equities, plus a sharp jump in crypto trading. Deutsche Bank lifted its target from $105 to $113, and Mizuho called the firm a potential first true global hyperscaler of online brokerages.

The bullishness follows Robinhood's unveiling of Robinhood Chain, a Layer 2 blockchain built on Arbitrum designed for tokenized real-world assets, stock tokens, decentralized finance products, and AI agent trading.

The company is also preparing to raise at least $400 million by selling bonds backed by receivables from its branded credit card. Shares traded near $114 on July 15, within reach of recent highs.