Robinhood Markets (NASDAQ: HOOD) Draws Bullish Price Targets Amid Business Expansion

• StoneX initiated coverage of Robinhood Markets (NASDAQ: HOOD) with a Buy rating and a $170 price target.
• Goldman Sachs, Jefferies, and Cantor Fitzgerald also raised their targets, citing strong operating momentum and business expansion.
• Robinhood is expanding into prediction markets and IPO underwriting, including partnerships with Rothera, Crypto.com, and OG.com.

Robinhood Markets (NASDAQ: HOOD) is a financial technology company offering trading in stocks, options, cryptocurrencies, futures, and event contracts. Its shares closed at $117.34 on September 8, 2026, giving the company a market capitalization of approximately $105.5 billion. The stock’s 52-week range is $63.52 to $153.86.

StoneX analyst Mark Palmer initiated coverage of Robinhood Markets (NASDAQ: HOOD) with a Buy rating and a $170 price target. The target represents potential upside of approximately 44.9% from the September 8 closing price. Palmer cited accelerating operating metrics and Robinhood’s expansion beyond traditional commission-free trading.

Other analysts also raised their expectations. Goldman Sachs (NYSE: GS) increased its target from $124 to $142, while Jefferies Financial Group (NYSE: JEF) raised its target from $127 to $140. Cantor Fitzgerald analyst Ramsey El-Assal increased his target from $115 to $150. Despite these bullish updates, Robinhood shares declined approximately 3.9% on September 8.

A major source of analyst optimism is Robinhood’s expansion into prediction markets. Rothera, a CFTC-licensed exchange operated through Robinhood’s joint venture with Susquehanna International Group, began receiving Robinhood order flow in June. Goldman Sachs analyst James Yaro estimated that Rothera reached an annualized revenue run rate of approximately $150 million during its first quarter of operation. This represents an extrapolated run rate rather than a full year of reported revenue.

Robinhood also expanded its prediction-market operations through a multiyear agreement with Crypto.com and OG.com. Beginning September 8, Robinhood started routing selected football event contracts through OG.com’s regulated exchange. Robinhood will also hold equity interests in Crypto.com and OG.com, although the companies did not disclose the size of those stakes.

Separately, Robinhood secured its first official IPO underwriting role for smart-ring manufacturer Oura. According to The Wall Street Journal, Robinhood was listed alongside established underwriters such as Goldman Sachs and Morgan Stanley. The role could help the company expand retail investors’ access to IPO shares.

Overall, analysts remain optimistic about Robinhood Markets (NASDAQ: HOOD) as it grows beyond retail brokerage. However, the company’s high valuation and exposure to volatile trading activity remain important risks for investors.