Robinhood’s (hood) strong earnings in the 2nd quarter Wednesday night have led Wall Street to raise its expectations of the stock, but the modest increased suggest that the group believes that much upside has been priced in.
Shares trading slightly higher Thursday morning for $ 106.50.
Citi, which lifted its price target for $ 120 from $ 100, continued with a neutral rating on the stock. Even after revising his earnings estimate sharply higher, analyst Christopher Allen warns that much of Robinhood’s future growth has already been priced to the stock, which has almost tripled from its mid-April low and is higher of a huge 420% year-over year.
Also Rating Hood Neutral, JPMorgan analyst Kenneth Worthington increased his price target in December 2026 to $ 104 from $ 98, citing an “almost perfect operating environment with meaningful volatility, robust retail engagement and historically elevated rates such as both its trade and rate-sensitive segments that were good.” The company’s acquisition of Crypto Exchange Bitstamp helped Robinhood with $ 160 million in crypto revenue – approx. 16% of its total – driven by $ 6.7 billion in nominal trade volume from Bitstamp.
Keefe, Bruyette & Woods – also Neutral – raised its target to $ 106 from $ 89 and emphasized winnings in Safe Authority Loans and a rebound in crypto trade, especially from Bitstamp. The company also revised its EPS estimates upwards in the next three years with reference to increasing user engagement and improved margins.
Cantor Fitzgerald’s Brett Knoblauch – alone among this group with a buy rating on Hood – raised his price target from $ 100 to $ 118, suggesting a modest 10% upside down from the current levels. His team now appreciates Robinhood to 40x 2026 EV/EBITDA, and Knoblauch believes the company has room for even more growth in crypto, opportunities and margin interest revenue. He pointed to strong momentum across new products such as Robinhood Strategies, Crypto Staking and the soon -to -be Robinhood Banking Service launch.
What does that mean for Coinbas’s earnings later today?
Robinhood’s crypto revenue was strengthened by the addition of Bitstamp’s institutional stream, but it also benefits from retailers returning to the market. If Coinbase reports similar activity – especially from retail – it can signal a wider resurgence in crypto engagement. Coinbas’s business is more heavily dependent on crypto and institutional activity, so Robinhood’s strong results can predict a battle if the same trends played on Coinbases platform.
However, Coinbase lacks Robinhood’s diversification for interest income and securities, isolated Robinhood from volatility in crypto markets last year. It puts more pressure on Coinbase to show that crypto trading volumes alone can create earnings growth. Investors keep an eye on carefully.
Factset Projects COIN reports $ 1.59 billion in revenue and $ 1.25 in earnings per year. Second quarter share, both up from the same period last year. Shares have risen by 1.6% today and trades with $ 383.56 per year. Piece.
